Total monthly cost of ownership
Cost to Own a Home in Newton, Texas
A $96,000 home here costs
$945per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $494. The real number is $451 higher every month — 91% 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.
Newton against Newton County and Texas
| Measure | Newton | Newton County |
|---|---|---|
| Median home value | $95,800 | $83,100 |
| Median property tax | $1,099 | $856 |
| Effective tax rate | 1.147% | 1.030% |
| Median gross rent | $1,005 | $877 |
| Population | 2,225 | 12,193 |
The weather behind that power bill
Newton sits in Newton County, which averages a high of 93.8°F in its hottest month and a low of 37.8°F in its coldest, with 57.34" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,522 cooling and 1,953 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Newton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Newton County
No other places of this size are published in Newton County.
Common questions
How much does it cost to own a home in Newton?
A $96,000 home in Newton, Texas costs approximately $945 per month with 20% down at 6.66%. That is $494 principal and interest, $92 property tax, $64 homeowners insurance, $216 utilities and $80 set aside for maintenance.
What is the property tax rate in Newton?
Newton has an effective property tax rate of 1.147%, based on a median home value of $95,800 and median real estate taxes of $1,099. That is higher than the Newton County average of 1.030%.
What is the average home price in Newton?
The median owner-occupied home value in Newton, Texas is $95,800, against $83,100 across Newton County.
Is it cheaper to rent or buy in Newton?
Median gross rent in Newton is $1,005 a month, against $945 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 Newton — 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.