Total monthly cost of ownership
Cost to Own a Home in Junction, Texas
A $146,000 home here costs
$1,416per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $60,500 a year.
A standard mortgage calculator would have told you $796. The real number is $620 higher every month, 78% more than the payment most buyers budget for.
Compare Kimble County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Junction from a five-year rolling sample, and with about 2,439 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Kimble County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Junction against Kimble County and Texas
| Measure | Junction | Kimble County |
|---|---|---|
| Median home value | $146,100 | $173,100 |
| Median property tax | $1,908 | $2,173 |
| Effective tax rate | 1.306% | 1.255% |
| Median gross rent | $766 | $795 |
| Population | 2,439 | 4,355 |
The weather behind that power bill
Junction sits in Kimble County, which averages a high of 95.6°F in its hottest month and a low of 33.7°F in its coldest, with 22.46" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,620 cooling and 2,060 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Kimble County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kimble County
No other places of this size are published in Kimble County.
Talk to someone who works this market
These are Junction averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Junction every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Junction I already own here and may sell
Common questions
How much does it cost to own a home in Junction?
A $146,000 home in Junction, Texas costs approximately $1,416 per month with 20% down at 7.24%. That is $796 principal and interest, $159 property tax, $97 homeowners insurance, $242 utilities and $122 set aside for maintenance.
What is the property tax rate in Junction?
Junction has an effective property tax rate of 1.306%, based on a median home value of $146,100 and median real estate taxes of $1,908. That is higher than the Kimble County average of 1.255%.
What is the average home price in Junction?
The median owner-occupied home value in Junction, Texas is $146,100, against $173,100 across Kimble County.
Is it cheaper to rent or buy in Junction?
Median gross rent in Junction is $766 a month, against $1,416 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Junction?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Junction, Texas at today's rate takes a household income of roughly $60,500 a year. That covers the full $1,416 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Junction, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Texas.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.