Total monthly cost of ownership
Cost to Own a Home in Mi Ranchito Estate, Texas
A $220,000 home here costs
$1,901per 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 $81,500 a year.
A standard mortgage calculator would have told you $1,199. The real number is $702 higher every month, 58% more than the payment most buyers budget for.
Compare Starr County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mi Ranchito Estate from a five-year rolling sample, and with about 1,127 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 Starr 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.
Mi Ranchito Estate against Starr County and Texas
| Measure | Mi Ranchito Estate | Starr County |
|---|---|---|
| Median home value | $220,400 | $93,300 |
| Median property tax | $1,566 | $1,047 |
| Effective tax rate | 0.711% | 1.122% |
| Median gross rent | — | $715 |
| Population | 1,127 | 65,809 |
The weather behind that power bill
Mi Ranchito Estate sits in Starr County, which averages a high of 99.4°F in its hottest month and a low of 45.2°F in its coldest, with 22.47" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 4,232 cooling and 796 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Starr County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Starr County
Talk to someone who works this market
These are Mi Ranchito Estate 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 Mi Ranchito Estate every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mi Ranchito Estate I already own here and may sell
Common questions
How much does it cost to own a home in Mi Ranchito Estate?
A $220,000 home in Mi Ranchito Estate, Texas costs approximately $1,901 per month with 20% down at 7.24%. That is $1,199 principal and interest, $130 property tax, $146 homeowners insurance, $242 utilities and $183 set aside for maintenance.
What is the property tax rate in Mi Ranchito Estate?
Mi Ranchito Estate has an effective property tax rate of 0.711%, based on a median home value of $220,400 and median real estate taxes of $1,566. That is lower than the Starr County average of 1.122%.
What is the average home price in Mi Ranchito Estate?
The median owner-occupied home value in Mi Ranchito Estate, Texas is $220,400, against $93,300 across Starr County.
Is it cheaper to rent or buy in Mi Ranchito Estate?
Rent data is not published for Mi Ranchito Estate at this level of detail.
What salary do you need to buy a home in Mi Ranchito Estate?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mi Ranchito Estate, Texas at today's rate takes a household income of roughly $81,500 a year. That covers the full $1,901 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mi Ranchito Estate, 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.