Total monthly cost of ownership
Cost to Own a Home in Quanah, Texas
A $71,000 home here costs
$812per 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 $35,000 a year.
A standard mortgage calculator would have told you $387. The real number is $425 higher every month, 110% more than the payment most buyers budget for.
Compare Hardeman County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Quanah from a five-year rolling sample, and with about 2,100 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 Hardeman 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.
Quanah against Hardeman County and Texas
| Measure | Quanah | Hardeman County |
|---|---|---|
| Median home value | $70,800 | $76,500 |
| Median property tax | $920 | $905 |
| Effective tax rate | 1.299% | 1.183% |
| Median gross rent | $630 | $688 |
| Population | 2,100 | 3,529 |
The weather behind that power bill
Quanah sits in Hardeman County, which averages a high of 96.6°F in its hottest month and a low of 27.0°F in its coldest, with 25.58" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,231 cooling and 3,250 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Hardeman County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hardeman County
No other places of this size are published in Hardeman County.
Talk to someone who works this market
These are Quanah 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 Quanah every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Quanah I already own here and may sell
Common questions
How much does it cost to own a home in Quanah?
A $71,000 home in Quanah, Texas costs approximately $812 per month with 20% down at 7.24%. That is $387 principal and interest, $77 property tax, $47 homeowners insurance, $242 utilities and $59 set aside for maintenance.
What is the property tax rate in Quanah?
Quanah has an effective property tax rate of 1.299%, based on a median home value of $70,800 and median real estate taxes of $920. That is higher than the Hardeman County average of 1.183%.
What is the average home price in Quanah?
The median owner-occupied home value in Quanah, Texas is $70,800, against $76,500 across Hardeman County.
Is it cheaper to rent or buy in Quanah?
Median gross rent in Quanah is $630 a month, against $812 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 Quanah?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Quanah, Texas at today's rate takes a household income of roughly $35,000 a year. That covers the full $812 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Quanah, 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.