Total monthly cost of ownership
Cost to Own a Home in Littlefield, Texas
A $75,000 home here costs
$841per 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 $36,000 a year.
A standard mortgage calculator would have told you $409. The real number is $432 higher every month, 106% more than the payment most buyers budget for.
Compare Lamb County with anywhere in America · full county breakdown
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 $174 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
Talk to someone who works this market
These are Littlefield 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 Littlefield every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Littlefield I already own here and may sell
Common questions
How much does it cost to own a home in Littlefield?
A $75,000 home in Littlefield, Texas costs approximately $841 per month with 20% down at 7.24%. That is $409 principal and interest, $78 property tax, $50 homeowners insurance, $242 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 $841 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Littlefield?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Littlefield, Texas at today's rate takes a household income of roughly $36,000 a year. That covers the full $841 monthly cost, not just the mortgage payment.
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.