Total monthly cost of ownership
Cost to Own a Home in Stephenville, Texas
A $226,000 home here costs
$1,962per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,162. The real number is $801 higher every month — 69% 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.
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 $148 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
Common questions
How much does it cost to own a home in Stephenville?
A $226,000 home in Stephenville, Texas costs approximately $1,962 per month with 20% down at 6.66%. That is $1,162 principal and interest, $247 property tax, $150 homeowners insurance, $216 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 $1,962 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 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.