Total monthly cost of ownership
Cost to Own a Home in Killeen, Texas
A $196,000 home here costs
$1,785per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,008. The real number is $777 higher every month — 77% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Killeen against Bell County and Texas
| Measure | Killeen | Bell County |
|---|---|---|
| Median home value | $196,000 | $221,100 |
| Median property tax | $3,218 | $3,409 |
| Effective tax rate | 1.642% | 1.542% |
| Median gross rent | $1,147 | $1,168 |
| Population | 156,144 | 379,811 |
The weather behind that power bill
Killeen sits in Bell County, which averages a high of 96.0°F in its hottest month and a low of 35.7°F in its coldest, with 36.97" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,630 cooling and 2,032 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Bell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bell County
Common questions
How much does it cost to own a home in Killeen?
A $196,000 home in Killeen, Texas costs approximately $1,785 per month with 20% down at 6.66%. That is $1,008 principal and interest, $268 property tax, $130 homeowners insurance, $216 utilities and $163 set aside for maintenance.
What is the property tax rate in Killeen?
Killeen has an effective property tax rate of 1.642%, based on a median home value of $196,000 and median real estate taxes of $3,218. That is higher than the Bell County average of 1.542%.
What is the average home price in Killeen?
The median owner-occupied home value in Killeen, Texas is $196,000, against $221,100 across Bell County.
Is it cheaper to rent or buy in Killeen?
Median gross rent in Killeen is $1,147 a month, against $1,785 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Killeen — 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.