Total monthly cost of ownership
Cost to Own a Home in Reno city (Parker and Tarrant Counties), Texas
A $295,000 home here costs
$2,516per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,517. The real number is $999 higher every month — 66% 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.
Reno city (Parker and Tarrant Counties) against Tarrant County and Texas
| Measure | Reno city (Parker and Tarrant Counties) | Tarrant County |
|---|---|---|
| Median home value | $294,800 | $294,100 |
| Median property tax | $4,107 | $5,211 |
| Effective tax rate | 1.393% | 1.772% |
| Median gross rent | $1,167 | $1,447 |
| Population | 3,156 | 2,135,743 |
Reno city (Parker and Tarrant Counties) extends across 2 counties. Figures here use Tarrant County, where most of its housing sits.
The weather behind that power bill
Reno city (Parker and Tarrant Counties) sits in Tarrant County, which averages a high of 97.1°F in its hottest month and a low of 37.9°F in its coldest, with 38.32" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 3,125 cooling and 1,992 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Tarrant County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tarrant County
Common questions
How much does it cost to own a home in Reno city (Parker and Tarrant Counties)?
A $295,000 home in Reno city (Parker and Tarrant Counties), Texas costs approximately $2,516 per month with 20% down at 6.66%. That is $1,517 principal and interest, $342 property tax, $195 homeowners insurance, $216 utilities and $246 set aside for maintenance.
What is the property tax rate in Reno city (Parker and Tarrant Counties)?
Reno city (Parker and Tarrant Counties) has an effective property tax rate of 1.393%, based on a median home value of $294,800 and median real estate taxes of $4,107. That is lower than the Tarrant County average of 1.772%.
What is the average home price in Reno city (Parker and Tarrant Counties)?
The median owner-occupied home value in Reno city (Parker and Tarrant Counties), Texas is $294,800, against $294,100 across Tarrant County.
Is it cheaper to rent or buy in Reno city (Parker and Tarrant Counties)?
Median gross rent in Reno city (Parker and Tarrant Counties) is $1,167 a month, against $2,516 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 Reno city (Parker and Tarrant Counties) — 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.