Total monthly cost of ownership
Cost to Own a Home in Seminole, Texas
A $151,000 home here costs
$1,461per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $776. The real number is $685 higher every month — 88% 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.
Seminole against Gaines County and Texas
| Measure | Seminole | Gaines County |
|---|---|---|
| Median home value | $151,000 | $185,300 |
| Median property tax | $2,920 | $2,721 |
| Effective tax rate | 1.934% | 1.468% |
| Median gross rent | $881 | $788 |
| Population | 7,097 | 21,904 |
The weather behind that power bill
Seminole sits in Gaines County, which averages a high of 94.0°F in its hottest month and a low of 27.9°F in its coldest, with 17.21" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,917 cooling and 3,096 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Gaines County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gaines County
Common questions
How much does it cost to own a home in Seminole?
A $151,000 home in Seminole, Texas costs approximately $1,461 per month with 20% down at 6.66%. That is $776 principal and interest, $243 property tax, $100 homeowners insurance, $216 utilities and $126 set aside for maintenance.
What is the property tax rate in Seminole?
Seminole has an effective property tax rate of 1.934%, based on a median home value of $151,000 and median real estate taxes of $2,920. That is higher than the Gaines County average of 1.468%.
What is the average home price in Seminole?
The median owner-occupied home value in Seminole, Texas is $151,000, against $185,300 across Gaines County.
Is it cheaper to rent or buy in Seminole?
Median gross rent in Seminole is $881 a month, against $1,461 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 Seminole — 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.