Total monthly cost of ownership
Cost to Own a Home in Omaha, Texas
A $109,000 home here costs
$1,073per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $560. The real number is $513 higher every month — 92% 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.
Omaha against Morris County and Texas
| Measure | Omaha | Morris County |
|---|---|---|
| Median home value | $108,900 | $110,200 |
| Median property tax | $1,610 | $1,298 |
| Effective tax rate | 1.478% | 1.178% |
| Median gross rent | $525 | $824 |
| Population | 1,179 | 12,014 |
The weather behind that power bill
Omaha 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 Omaha?
A $109,000 home in Omaha, Texas costs approximately $1,073 per month with 20% down at 6.66%. That is $560 principal and interest, $134 property tax, $72 homeowners insurance, $216 utilities and $91 set aside for maintenance.
What is the property tax rate in Omaha?
Omaha has an effective property tax rate of 1.478%, based on a median home value of $108,900 and median real estate taxes of $1,610. That is higher than the Morris County average of 1.178%.
What is the average home price in Omaha?
The median owner-occupied home value in Omaha, Texas is $108,900, against $110,200 across Morris County.
Is it cheaper to rent or buy in Omaha?
Median gross rent in Omaha is $525 a month, against $1,073 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 Omaha — 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.