Total monthly cost of ownership
Cost to Own a Home in Munday, Texas
A $56,000 home here costs
$706per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $288. The real number is $418 higher every month — 145% 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.
Munday against Knox County and Texas
| Measure | Munday | Knox County |
|---|---|---|
| Median home value | $56,000 | $66,800 |
| Median property tax | $1,426 | $1,244 |
| Effective tax rate | 2.546% | 1.862% |
| Median gross rent | $663 | $661 |
| Population | 1,478 | 3,322 |
The weather behind that power bill
Munday sits in Knox County, which averages a high of 97.2°F in its hottest month and a low of 29.5°F in its coldest, with 25.43" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,456 cooling and 2,922 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Knox County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Knox County
No other places of this size are published in Knox County.
Common questions
How much does it cost to own a home in Munday?
A $56,000 home in Munday, Texas costs approximately $706 per month with 20% down at 6.66%. That is $288 principal and interest, $119 property tax, $37 homeowners insurance, $216 utilities and $47 set aside for maintenance.
What is the property tax rate in Munday?
Munday has an effective property tax rate of 2.546%, based on a median home value of $56,000 and median real estate taxes of $1,426. That is higher than the Knox County average of 1.862%.
What is the average home price in Munday?
The median owner-occupied home value in Munday, Texas is $56,000, against $66,800 across Knox County.
Is it cheaper to rent or buy in Munday?
Median gross rent in Munday is $663 a month, against $706 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 Munday — 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.