Total monthly cost of ownership
Cost to Own a Home in Madisonville, Texas
A $110,000 home here costs
$1,080per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $566. The real number is $514 higher every month — 91% 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.
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 $148 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.
Common questions
How much does it cost to own a home in Madisonville?
A $110,000 home in Madisonville, Texas costs approximately $1,080 per month with 20% down at 6.66%. That is $566 principal and interest, $134 property tax, $73 homeowners insurance, $216 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 $1,080 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 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.