Total monthly cost of ownership
Cost to Own a Home in Stephenville, Texas
A $226,000 home here costs
$2,059per 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 $88,500 a year.
A standard mortgage calculator would have told you $1,232. The real number is $827 higher every month, 67% more than the payment most buyers budget for.
Compare Erath County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Stephenville against Erath County and Texas
| Measure | Stephenville | Erath County |
|---|---|---|
| Median home value | $226,300 | $251,900 |
| Median property tax | $2,967 | $2,836 |
| Effective tax rate | 1.311% | 1.126% |
| Median gross rent | $1,128 | $1,134 |
| Population | 21,345 | 43,244 |
The weather behind that power bill
Stephenville sits in Erath County, which averages a high of 97.6°F in its hottest month and a low of 30.9°F in its coldest, with 34.13" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,502 cooling and 2,484 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Erath County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Erath County
Talk to someone who works this market
These are Stephenville 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 Stephenville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Stephenville I already own here and may sell
Common questions
How much does it cost to own a home in Stephenville?
A $226,000 home in Stephenville, Texas costs approximately $2,059 per month with 20% down at 7.24%. That is $1,232 principal and interest, $247 property tax, $150 homeowners insurance, $242 utilities and $188 set aside for maintenance.
What is the property tax rate in Stephenville?
Stephenville has an effective property tax rate of 1.311%, based on a median home value of $226,300 and median real estate taxes of $2,967. That is higher than the Erath County average of 1.126%.
What is the average home price in Stephenville?
The median owner-occupied home value in Stephenville, Texas is $226,300, against $251,900 across Erath County.
Is it cheaper to rent or buy in Stephenville?
Median gross rent in Stephenville is $1,128 a month, against $2,059 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 Stephenville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Stephenville, Texas at today's rate takes a household income of roughly $88,500 a year. That covers the full $2,059 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Stephenville, 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.