Total monthly cost of ownership
Cost to Own a Home in Sebastian, Texas
A $38,000 home here costs
$516per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $195. The real number is $320 higher every month — 164% 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.
Sebastian against Willacy County and Texas
| Measure | Sebastian | Willacy County |
|---|---|---|
| Median home value | $37,600 | $60,800 |
| Median property tax | $568 | $1,164 |
| Effective tax rate | 1.511% | 1.914% |
| Median gross rent | $369 | $868 |
| Population | 1,144 | 20,218 |
The weather behind that power bill
Sebastian sits in Willacy County, which averages a high of 97.2°F in its hottest month and a low of 49.8°F in its coldest, with 24.04" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 4,220 cooling and 569 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Willacy County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Willacy County
Common questions
How much does it cost to own a home in Sebastian?
A $38,000 home in Sebastian, Texas costs approximately $516 per month with 20% down at 6.66%. That is $195 principal and interest, $48 property tax, $25 homeowners insurance, $216 utilities and $32 set aside for maintenance.
What is the property tax rate in Sebastian?
Sebastian has an effective property tax rate of 1.511%, based on a median home value of $37,600 and median real estate taxes of $568. That is lower than the Willacy County average of 1.914%.
What is the average home price in Sebastian?
The median owner-occupied home value in Sebastian, Texas is $37,600, against $60,800 across Willacy County.
Is it cheaper to rent or buy in Sebastian?
Median gross rent in Sebastian is $369 a month, against $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 Sebastian — 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.