Total monthly cost of ownership
Cost to Own a Home in Mexia, Texas
A $93,000 home here costs
$1,018per 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 $43,500 a year.
A standard mortgage calculator would have told you $507. The real number is $511 higher every month, 101% more than the payment most buyers budget for.
Compare Limestone 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.
Mexia against Limestone County and Texas
| Measure | Mexia | Limestone County |
|---|---|---|
| Median home value | $92,900 | $154,400 |
| Median property tax | $1,548 | $1,833 |
| Effective tax rate | 1.666% | 1.187% |
| Median gross rent | $786 | $835 |
| Population | 6,867 | 22,185 |
The weather behind that power bill
Mexia sits in Limestone County, which averages a high of 96.0°F in its hottest month and a low of 37.5°F in its coldest, with 39.33" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,772 cooling and 2,021 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Limestone County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Limestone County
Full Limestone County cost breakdown · Every county in Texas
Talk to someone who works this market
These are Mexia 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 Mexia every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Mexia?
A $93,000 home in Mexia, Texas costs approximately $1,018 per month with 20% down at 7.24%. That is $507 principal and interest, $129 property tax, $62 homeowners insurance, $242 utilities and $78 set aside for maintenance.
What is the property tax rate in Mexia?
Mexia has an effective property tax rate of 1.666%, based on a median home value of $92,900 and median real estate taxes of $1,548. That is higher than the Limestone County average of 1.187%.
What is the average home price in Mexia?
The median owner-occupied home value in Mexia, Texas is $92,900, against $154,400 across Limestone County.
Is it cheaper to rent or buy in Mexia?
Median gross rent in Mexia is $786 a month, against $1,018 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 Mexia?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mexia, Texas at today's rate takes a household income of roughly $43,500 a year. That covers the full $1,018 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mexia, 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.