Total monthly cost of ownership
Cost to Own a Home in Splendora, Texas
A $250,000 home here costs
$2,344per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $100,500 a year.
A standard mortgage calculator would have told you $1,385. The real number is $959 higher every month, 69% more than the payment most buyers budget for.
Compare Montgomery County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Splendora from a five-year rolling sample, and with about 2,167 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 Montgomery 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.
Splendora against Montgomery County and Texas
| Measure | Splendora | Montgomery County |
|---|---|---|
| Median home value | $250,200 | $317,500 |
| Median property tax | — | $5,237 |
| Effective tax rate | 1.649% | 1.649% |
| Median gross rent | $1,161 | $1,471 |
| Population | 2,167 | 654,722 |
The weather behind that power bill
Splendora sits in Montgomery County, which averages a high of 95.8°F in its hottest month and a low of 41.9°F in its coldest, with 51.02" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 3,172 cooling and 1,440 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Montgomery County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Texas
Talk to someone who works this market
These are Splendora 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 Splendora every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Splendora I already own here and may sell
Common questions
How much does it cost to own a home in Splendora?
A $250,000 home in Splendora, Texas costs approximately $2,344 per month with 20% down at 7.4%. That is $1,385 principal and interest, $344 property tax, $165 homeowners insurance, $242 utilities and $208 set aside for maintenance.
What is the property tax rate in Splendora?
Place-level tax data is not published for Splendora, so the Montgomery County rate of 1.649% applies here.
What is the average home price in Splendora?
The median owner-occupied home value in Splendora, Texas is $250,200, against $317,500 across Montgomery County.
Is it cheaper to rent or buy in Splendora?
Median gross rent in Splendora is $1,161 a month, against $2,344 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Splendora?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Splendora, Texas at today's rate takes a household income of roughly $100,500 a year. That covers the full $2,344 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Splendora, 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.