Total monthly cost of ownership
Cost to Own a Home in Spearman, Texas
A $135,000 home here costs
$1,310per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $694. The real number is $616 higher every month — 89% 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.
Spearman against Hansford County and Texas
| Measure | Spearman | Hansford County |
|---|---|---|
| Median home value | $135,100 | $132,100 |
| Median property tax | $2,378 | $2,165 |
| Effective tax rate | 1.760% | 1.639% |
| Median gross rent | $694 | $770 |
| Population | 2,809 | 5,182 |
The weather behind that power bill
Spearman sits in Hansford County, which averages a high of 93.1°F in its hottest month and a low of 20.2°F in its coldest, with 20.61" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 1,439 cooling and 4,574 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Hansford County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hansford County
Common questions
How much does it cost to own a home in Spearman?
A $135,000 home in Spearman, Texas costs approximately $1,310 per month with 20% down at 6.66%. That is $694 principal and interest, $198 property tax, $89 homeowners insurance, $216 utilities and $113 set aside for maintenance.
What is the property tax rate in Spearman?
Spearman has an effective property tax rate of 1.760%, based on a median home value of $135,100 and median real estate taxes of $2,378. That is higher than the Hansford County average of 1.639%.
What is the average home price in Spearman?
The median owner-occupied home value in Spearman, Texas is $135,100, against $132,100 across Hansford County.
Is it cheaper to rent or buy in Spearman?
Median gross rent in Spearman is $694 a month, against $1,310 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 Spearman — 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.