Total monthly cost of ownership
Cost to Own a Home in Littlefield, Texas
A $75,000 home here costs
$791per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $386. The real number is $406 higher every month — 105% 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.
Littlefield against Lamb County and Texas
| Measure | Littlefield | Lamb County |
|---|---|---|
| Median home value | $75,400 | $76,600 |
| Median property tax | $938 | $913 |
| Effective tax rate | 1.244% | 1.192% |
| Median gross rent | $1,022 | $900 |
| Population | 5,886 | 12,919 |
The weather behind that power bill
Littlefield sits in Lamb County, which averages a high of 92.4°F in its hottest month and a low of 22.0°F in its coldest, with 17.94" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 1,347 cooling and 3,941 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Lamb County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lamb County
Common questions
How much does it cost to own a home in Littlefield?
A $75,000 home in Littlefield, Texas costs approximately $791 per month with 20% down at 6.66%. That is $386 principal and interest, $78 property tax, $50 homeowners insurance, $216 utilities and $63 set aside for maintenance.
What is the property tax rate in Littlefield?
Littlefield has an effective property tax rate of 1.244%, based on a median home value of $75,400 and median real estate taxes of $938. That is higher than the Lamb County average of 1.192%.
What is the average home price in Littlefield?
The median owner-occupied home value in Littlefield, Texas is $75,400, against $76,600 across Lamb County.
Is it cheaper to rent or buy in Littlefield?
Median gross rent in Littlefield is $1,022 a month, against $791 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Littlefield — 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.