Total monthly cost of ownership
Cost to Own a Home in Oak Leaf, Texas
A $368,000 home here costs
$3,100per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,892. The real number is $1,208 higher every month — 64% 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.
Oak Leaf against Ellis County and Texas
| Measure | Oak Leaf | Ellis County |
|---|---|---|
| Median home value | $368,200 | $306,400 |
| Median property tax | $5,308 | $4,472 |
| Effective tax rate | 1.442% | 1.460% |
| Median gross rent | — | $1,449 |
| Population | 1,752 | 203,927 |
The weather behind that power bill
Oak Leaf sits in Ellis County, which averages a high of 95.3°F in its hottest month and a low of 33.9°F in its coldest, with 40.8" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,543 cooling and 2,431 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Ellis County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ellis County
Common questions
How much does it cost to own a home in Oak Leaf?
A $368,000 home in Oak Leaf, Texas costs approximately $3,100 per month with 20% down at 6.66%. That is $1,892 principal and interest, $442 property tax, $243 homeowners insurance, $216 utilities and $307 set aside for maintenance.
What is the property tax rate in Oak Leaf?
Oak Leaf has an effective property tax rate of 1.442%, based on a median home value of $368,200 and median real estate taxes of $5,308. That is lower than the Ellis County average of 1.460%.
What is the average home price in Oak Leaf?
The median owner-occupied home value in Oak Leaf, Texas is $368,200, against $306,400 across Ellis County.
Is it cheaper to rent or buy in Oak Leaf?
Rent data is not published for Oak Leaf at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Oak Leaf — 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.