Total monthly cost of ownership
Cost to Own a Home in Leonard, Texas
A $156,000 home here costs
$1,396per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $802. The real number is $594 higher every month — 74% 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.
Leonard against Fannin County and Texas
| Measure | Leonard | Fannin County |
|---|---|---|
| Median home value | $156,100 | $213,500 |
| Median property tax | $1,736 | $2,356 |
| Effective tax rate | 1.112% | 1.104% |
| Median gross rent | $1,031 | $994 |
| Population | 2,468 | 36,525 |
The weather behind that power bill
Leonard sits in Fannin County, which averages a high of 93.8°F in its hottest month and a low of 32.7°F in its coldest, with 45.51" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,310 cooling and 2,822 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Fannin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fannin County
Common questions
How much does it cost to own a home in Leonard?
A $156,000 home in Leonard, Texas costs approximately $1,396 per month with 20% down at 6.66%. That is $802 principal and interest, $145 property tax, $103 homeowners insurance, $216 utilities and $130 set aside for maintenance.
What is the property tax rate in Leonard?
Leonard has an effective property tax rate of 1.112%, based on a median home value of $156,100 and median real estate taxes of $1,736. That is in line with the Fannin County average of 1.104%.
What is the average home price in Leonard?
The median owner-occupied home value in Leonard, Texas is $156,100, against $213,500 across Fannin County.
Is it cheaper to rent or buy in Leonard?
Median gross rent in Leonard is $1,031 a month, against $1,396 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 Leonard — 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.