Total monthly cost of ownership
Cost to Own a Home in Rockwell Place, Texas
A $98,000 home here costs
$939per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $504. The real number is $435 higher every month — 86% 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.
Rockwell Place against Randall County and Texas
| Measure | Rockwell Place | Randall County |
|---|---|---|
| Median home value | $97,600 | $227,500 |
| Median property tax | $872 | $3,587 |
| Effective tax rate | 0.893% | 1.577% |
| Median gross rent | $962 | $1,119 |
| Population | 1,694 | 143,791 |
The weather behind that power bill
Rockwell Place sits in Randall County, which averages a high of 92.7°F in its hottest month and a low of 22.6°F in its coldest, with 18.45" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 1,603 cooling and 4,007 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Randall County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Randall County
Common questions
How much does it cost to own a home in Rockwell Place?
A $98,000 home in Rockwell Place, Texas costs approximately $939 per month with 20% down at 6.66%. That is $504 principal and interest, $73 property tax, $65 homeowners insurance, $216 utilities and $82 set aside for maintenance.
What is the property tax rate in Rockwell Place?
Rockwell Place has an effective property tax rate of 0.893%, based on a median home value of $97,600 and median real estate taxes of $872. That is lower than the Randall County average of 1.577%.
What is the average home price in Rockwell Place?
The median owner-occupied home value in Rockwell Place, Texas is $97,600, against $227,500 across Randall County.
Is it cheaper to rent or buy in Rockwell Place?
Median gross rent in Rockwell Place is $962 a month, against $939 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 Rockwell Place — 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.