Total monthly cost of ownership
Cost to Own a Home in Powderly, Texas
A $207,000 home here costs
$1,838per 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 $79,000 a year.
A standard mortgage calculator would have told you $1,129. The real number is $709 higher every month, 63% more than the payment most buyers budget for.
Compare Lamar County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Powderly from a five-year rolling sample, and with about 1,361 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 Lamar 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.
Powderly against Lamar County and Texas
| Measure | Powderly | Lamar County |
|---|---|---|
| Median home value | $207,400 | $175,500 |
| Median property tax | $1,894 | $1,669 |
| Effective tax rate | 0.913% | 0.951% |
| Median gross rent | — | $897 |
| Population | 1,361 | 50,421 |
The weather behind that power bill
Powderly sits in Lamar County, which averages a high of 96.2°F in its hottest month and a low of 33.2°F in its coldest, with 48.88" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,652 cooling and 2,636 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Lamar County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lamar County
Talk to someone who works this market
These are Powderly 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 Powderly every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Powderly I already own here and may sell
Common questions
How much does it cost to own a home in Powderly?
A $207,000 home in Powderly, Texas costs approximately $1,838 per month with 20% down at 7.24%. That is $1,129 principal and interest, $157 property tax, $137 homeowners insurance, $242 utilities and $173 set aside for maintenance.
What is the property tax rate in Powderly?
Powderly has an effective property tax rate of 0.913%, based on a median home value of $207,400 and median real estate taxes of $1,894. That is lower than the Lamar County average of 0.951%.
What is the average home price in Powderly?
The median owner-occupied home value in Powderly, Texas is $207,400, against $175,500 across Lamar County.
Is it cheaper to rent or buy in Powderly?
Rent data is not published for Powderly at this level of detail.
What salary do you need to buy a home in Powderly?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Powderly, Texas at today's rate takes a household income of roughly $79,000 a year. That covers the full $1,838 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Powderly, 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.