Total monthly cost of ownership
Cost to Own a Home in Menard, Texas
A $70,000 home here costs
$846per 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 $36,500 a year.
A standard mortgage calculator would have told you $382. The real number is $465 higher every month, 122% more than the payment most buyers budget for.
Compare Menard County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Menard from a five-year rolling sample, and with about 1,078 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 Menard 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.
Menard against Menard County and Texas
| Measure | Menard | Menard County |
|---|---|---|
| Median home value | $69,800 | $105,300 |
| Median property tax | $1,410 | $1,747 |
| Effective tax rate | 2.020% | 1.659% |
| Median gross rent | $688 | $810 |
| Population | 1,078 | 1,964 |
The weather behind that power bill
Menard sits in Menard County, which averages a high of 95.1°F in its hottest month and a low of 29.4°F in its coldest, with 24.32" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,137 cooling and 2,581 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Menard County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Menard County
No other places of this size are published in Menard County.
Talk to someone who works this market
These are Menard 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 Menard every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Menard I already own here and may sell
Common questions
How much does it cost to own a home in Menard?
A $70,000 home in Menard, Texas costs approximately $846 per month with 20% down at 7.24%. That is $382 principal and interest, $118 property tax, $46 homeowners insurance, $242 utilities and $58 set aside for maintenance.
What is the property tax rate in Menard?
Menard has an effective property tax rate of 2.020%, based on a median home value of $69,800 and median real estate taxes of $1,410. That is higher than the Menard County average of 1.659%.
What is the average home price in Menard?
The median owner-occupied home value in Menard, Texas is $69,800, against $105,300 across Menard County.
Is it cheaper to rent or buy in Menard?
Median gross rent in Menard is $688 a month, against $846 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 Menard?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Menard, Texas at today's rate takes a household income of roughly $36,500 a year. That covers the full $846 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Menard, 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.