Total monthly cost of ownership
Cost to Own a Home in Rice, Texas
A $90,000 home here costs
$949per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $463. The real number is $486 higher every month — 105% 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.
Rice against Navarro County and Texas
| Measure | Rice | Navarro County |
|---|---|---|
| Median home value | $89,600 | $159,900 |
| Median property tax | $1,622 | $2,119 |
| Effective tax rate | 1.810% | 1.325% |
| Median gross rent | $1,210 | $1,039 |
| Population | 1,168 | 53,735 |
The weather behind that power bill
Rice sits in Navarro County, which averages a high of 96.0°F in its hottest month and a low of 37.5°F in its coldest, with 39.33" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,772 cooling and 2,021 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Navarro County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Navarro County
Common questions
How much does it cost to own a home in Rice?
A $90,000 home in Rice, Texas costs approximately $949 per month with 20% down at 6.66%. That is $463 principal and interest, $136 property tax, $60 homeowners insurance, $216 utilities and $75 set aside for maintenance.
What is the property tax rate in Rice?
Rice has an effective property tax rate of 1.810%, based on a median home value of $89,600 and median real estate taxes of $1,622. That is higher than the Navarro County average of 1.325%.
What is the average home price in Rice?
The median owner-occupied home value in Rice, Texas is $89,600, against $159,900 across Navarro County.
Is it cheaper to rent or buy in Rice?
Median gross rent in Rice is $1,210 a month, against $949 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Rice — 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.