Total monthly cost of ownership
Cost to Own a Home in Menard, Texas
A $70,000 home here costs
$798per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $360. The real number is $438 higher every month — 122% 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.
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 $148 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.
Common questions
How much does it cost to own a home in Menard?
A $70,000 home in Menard, Texas costs approximately $798 per month with 20% down at 6.66%. That is $360 principal and interest, $118 property tax, $46 homeowners insurance, $216 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 $798 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 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.