Total monthly cost of ownership
Cost to Own a Home in Laredo, Texas
A $182,000 home here costs
$1,709per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $936. The real number is $773 higher every month — 83% 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.
Laredo against Webb County and Texas
| Measure | Laredo | Webb County |
|---|---|---|
| Median home value | $182,400 | $178,900 |
| Median property tax | $3,428 | $3,312 |
| Effective tax rate | 1.879% | 1.851% |
| Median gross rent | $1,001 | $997 |
| Population | 255,949 | 267,731 |
The weather behind that power bill
Laredo sits in Webb County, which averages a high of 100.9°F in its hottest month and a low of 46.5°F in its coldest, with 21.35" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 4,341 cooling and 811 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Webb County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Webb County
Common questions
How much does it cost to own a home in Laredo?
A $182,000 home in Laredo, Texas costs approximately $1,709 per month with 20% down at 6.66%. That is $936 principal and interest, $285 property tax, $120 homeowners insurance, $216 utilities and $152 set aside for maintenance.
What is the property tax rate in Laredo?
Laredo has an effective property tax rate of 1.879%, based on a median home value of $182,400 and median real estate taxes of $3,428. That is higher than the Webb County average of 1.851%.
What is the average home price in Laredo?
The median owner-occupied home value in Laredo, Texas is $182,400, against $178,900 across Webb County.
Is it cheaper to rent or buy in Laredo?
Median gross rent in Laredo is $1,001 a month, against $1,709 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 Laredo — 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.