Total monthly cost of ownership
Cost to Own a Home in Ricardo, Texas
A $216,000 home here costs
$1,821per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,110. The real number is $711 higher every month — 64% 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.
Ricardo against Kleberg County and Texas
| Measure | Ricardo | Kleberg County |
|---|---|---|
| Median home value | $216,300 | $152,200 |
| Median property tax | $2,065 | $2,457 |
| Effective tax rate | 0.955% | 1.614% |
| Median gross rent | — | $1,022 |
| Population | 1,070 | 30,629 |
The weather behind that power bill
Ricardo sits in Kleberg County, which averages a high of 97.2°F in its hottest month and a low of 46.6°F in its coldest, with 27.01" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 3,890 cooling and 837 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Kleberg County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kleberg County
Common questions
How much does it cost to own a home in Ricardo?
A $216,000 home in Ricardo, Texas costs approximately $1,821 per month with 20% down at 6.66%. That is $1,110 principal and interest, $172 property tax, $143 homeowners insurance, $216 utilities and $180 set aside for maintenance.
What is the property tax rate in Ricardo?
Ricardo has an effective property tax rate of 0.955%, based on a median home value of $216,300 and median real estate taxes of $2,065. That is lower than the Kleberg County average of 1.614%.
What is the average home price in Ricardo?
The median owner-occupied home value in Ricardo, Texas is $216,300, against $152,200 across Kleberg County.
Is it cheaper to rent or buy in Ricardo?
Rent data is not published for Ricardo at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ricardo — 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.