Total monthly cost of ownership
Cost to Own a Home in Morton, Texas
A $46,000 home here costs
$566per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $236. The real number is $329 higher every month — 139% 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.
Morton against Cochran County and Texas
| Measure | Morton | Cochran County |
|---|---|---|
| Median home value | $45,500 | $57,700 |
| Median property tax | $529 | $684 |
| Effective tax rate | 1.163% | 1.185% |
| Median gross rent | $703 | $738 |
| Population | 1,510 | 2,520 |
The weather behind that power bill
Morton sits in Cochran County, which averages a high of 93.0°F in its hottest month and a low of 24.4°F in its coldest, with 17.59" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,585 cooling and 3,605 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Cochran County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cochran County
No other places of this size are published in Cochran County.
Common questions
How much does it cost to own a home in Morton?
A $46,000 home in Morton, Texas costs approximately $566 per month with 20% down at 6.66%. That is $236 principal and interest, $45 property tax, $30 homeowners insurance, $216 utilities and $38 set aside for maintenance.
What is the property tax rate in Morton?
Morton has an effective property tax rate of 1.163%, based on a median home value of $45,500 and median real estate taxes of $529. That is lower than the Cochran County average of 1.185%.
What is the average home price in Morton?
The median owner-occupied home value in Morton, Texas is $45,500, against $57,700 across Cochran County.
Is it cheaper to rent or buy in Morton?
Median gross rent in Morton is $703 a month, against $566 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Morton — 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.