Total monthly cost of ownership
Cost to Own a Home in Plum Grove, Texas
A $122,000 home here costs
$1,269per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $54,500 a year.
A standard mortgage calculator would have told you $665. The real number is $604 higher every month, 91% more than the payment most buyers budget for.
Compare Liberty County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Plum Grove from a five-year rolling sample, and with about 2,425 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Liberty County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Plum Grove against Liberty County and Texas
| Measure | Plum Grove | Liberty County |
|---|---|---|
| Median home value | $121,800 | $167,100 |
| Median property tax | $2,151 | $2,091 |
| Effective tax rate | 1.766% | 1.251% |
| Median gross rent | $1,216 | $1,038 |
| Population | 2,425 | 97,993 |
The weather behind that power bill
Plum Grove sits in Liberty County, which averages a high of 94.2°F in its hottest month and a low of 41.2°F in its coldest, with 62.82" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,953 cooling and 1,434 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Liberty County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Liberty County
Talk to someone who works this market
These are Plum Grove averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Plum Grove every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Plum Grove I already own here and may sell
Common questions
How much does it cost to own a home in Plum Grove?
A $122,000 home in Plum Grove, Texas costs approximately $1,269 per month with 20% down at 7.24%. That is $665 principal and interest, $180 property tax, $81 homeowners insurance, $242 utilities and $102 set aside for maintenance.
What is the property tax rate in Plum Grove?
Plum Grove has an effective property tax rate of 1.766%, based on a median home value of $121,800 and median real estate taxes of $2,151. That is higher than the Liberty County average of 1.251%.
What is the average home price in Plum Grove?
The median owner-occupied home value in Plum Grove, Texas is $121,800, against $167,100 across Liberty County.
Is it cheaper to rent or buy in Plum Grove?
Median gross rent in Plum Grove is $1,216 a month, against $1,269 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Plum Grove?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Plum Grove, Texas at today's rate takes a household income of roughly $54,500 a year. That covers the full $1,269 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Plum Grove, 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.