Total monthly cost of ownership
Cost to Own a Home in Madisonville, Texas
A $110,000 home here costs
$1,141per 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 $49,000 a year.
A standard mortgage calculator would have told you $600. The real number is $541 higher every month, 90% more than the payment most buyers budget for.
Compare Madison County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Madisonville from a five-year rolling sample, and with about 4,510 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Madison County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Madisonville against Madison County and Texas
| Measure | Madisonville | Madison County |
|---|---|---|
| Median home value | $109,500 | $149,100 |
| Median property tax | $1,602 | $1,722 |
| Effective tax rate | 1.463% | 1.155% |
| Median gross rent | $801 | $832 |
| Population | 4,510 | 13,574 |
The weather behind that power bill
Madisonville sits in Madison County, which averages a high of 96.1°F in its hottest month and a low of 36.6°F in its coldest, with 46.77" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,678 cooling and 1,888 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Madison County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madison County
No other places of this size are published in Madison County.
Talk to someone who works this market
These are Madisonville 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 Madisonville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Madisonville I already own here and may sell
Common questions
How much does it cost to own a home in Madisonville?
A $110,000 home in Madisonville, Texas costs approximately $1,141 per month with 20% down at 7.24%. That is $600 principal and interest, $134 property tax, $73 homeowners insurance, $242 utilities and $92 set aside for maintenance.
What is the property tax rate in Madisonville?
Madisonville has an effective property tax rate of 1.463%, based on a median home value of $109,500 and median real estate taxes of $1,602. That is higher than the Madison County average of 1.155%.
What is the average home price in Madisonville?
The median owner-occupied home value in Madisonville, Texas is $109,500, against $149,100 across Madison County.
Is it cheaper to rent or buy in Madisonville?
Median gross rent in Madisonville is $801 a month, against $1,141 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Madisonville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Madisonville, Texas at today's rate takes a household income of roughly $49,000 a year. That covers the full $1,141 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Madisonville, 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.