Total monthly cost of ownership
Cost to Own a Home in Naples, Texas
A $99,000 home here costs
$999per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $509. The real number is $490 higher every month — 96% 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.
Naples against Morris County and Texas
| Measure | Naples | Morris County |
|---|---|---|
| Median home value | $98,800 | $110,200 |
| Median property tax | $1,507 | $1,298 |
| Effective tax rate | 1.525% | 1.178% |
| Median gross rent | $812 | $824 |
| Population | 1,337 | 12,014 |
The weather behind that power bill
Naples sits in Morris County, which averages a high of 93.2°F in its hottest month and a low of 35.0°F in its coldest, with 47.08" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,414 cooling and 2,501 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Morris County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morris County
Common questions
How much does it cost to own a home in Naples?
A $99,000 home in Naples, Texas costs approximately $999 per month with 20% down at 6.66%. That is $509 principal and interest, $126 property tax, $66 homeowners insurance, $216 utilities and $83 set aside for maintenance.
What is the property tax rate in Naples?
Naples has an effective property tax rate of 1.525%, based on a median home value of $98,800 and median real estate taxes of $1,507. That is higher than the Morris County average of 1.178%.
What is the average home price in Naples?
The median owner-occupied home value in Naples, Texas is $98,800, against $110,200 across Morris County.
Is it cheaper to rent or buy in Naples?
Median gross rent in Naples is $812 a month, against $999 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 Naples — 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.