Total monthly cost of ownership
Cost to Own a Home in Seth Ward, Texas
A $58,000 home here costs
$700per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $30,000 a year.
A standard mortgage calculator would have told you $316. The real number is $384 higher every month, 121% more than the payment most buyers budget for.
Compare Hale County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Seth Ward from a five-year rolling sample, and with about 1,909 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Hale County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Seth Ward against Hale County and Texas
| Measure | Seth Ward | Hale County |
|---|---|---|
| Median home value | $57,500 | $106,100 |
| Median property tax | $650 | $1,471 |
| Effective tax rate | 1.130% | 1.386% |
| Median gross rent | $844 | $798 |
| Population | 1,909 | 32,247 |
The weather behind that power bill
Seth Ward sits in Hale County, which averages a high of 91.4°F in its hottest month and a low of 23.7°F in its coldest, with 18.42" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,547 cooling and 3,866 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Hale County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hale County
Talk to someone who works this market
These are Seth Ward averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Seth Ward every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Seth Ward?
A $58,000 home in Seth Ward, Texas costs approximately $700 per month with 20% down at 7.24%. That is $316 principal and interest, $55 property tax, $38 homeowners insurance, $242 utilities and $48 set aside for maintenance.
What is the property tax rate in Seth Ward?
Seth Ward has an effective property tax rate of 1.130%, based on a median home value of $57,500 and median real estate taxes of $650. That is lower than the Hale County average of 1.386%.
What is the average home price in Seth Ward?
The median owner-occupied home value in Seth Ward, Texas is $57,500, against $106,100 across Hale County.
Is it cheaper to rent or buy in Seth Ward?
Median gross rent in Seth Ward is $844 a month, against $700 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Seth Ward?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Seth Ward, Texas at today's rate takes a household income of roughly $30,000 a year. That covers the full $700 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Seth Ward, 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.