Total monthly cost of ownership
Cost to Own a Home in Nocona, Texas
A $115,000 home here costs
$1,087per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $591. The real number is $496 higher every month — 84% 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.
Nocona against Montague County and Texas
| Measure | Nocona | Montague County |
|---|---|---|
| Median home value | $114,900 | $189,400 |
| Median property tax | $1,300 | $1,802 |
| Effective tax rate | 1.131% | 0.951% |
| Median gross rent | $717 | $957 |
| Population | 3,073 | 20,599 |
The weather behind that power bill
Nocona sits in Montague County, which averages a high of 95.7°F in its hottest month and a low of 30.5°F in its coldest, with 35.35" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,420 cooling and 2,853 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Montague County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montague County
Common questions
How much does it cost to own a home in Nocona?
A $115,000 home in Nocona, Texas costs approximately $1,087 per month with 20% down at 6.66%. That is $591 principal and interest, $108 property tax, $76 homeowners insurance, $216 utilities and $96 set aside for maintenance.
What is the property tax rate in Nocona?
Nocona has an effective property tax rate of 1.131%, based on a median home value of $114,900 and median real estate taxes of $1,300. That is higher than the Montague County average of 0.951%.
What is the average home price in Nocona?
The median owner-occupied home value in Nocona, Texas is $114,900, against $189,400 across Montague County.
Is it cheaper to rent or buy in Nocona?
Median gross rent in Nocona is $717 a month, against $1,087 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 Nocona — 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.