Total monthly cost of ownership
Cost to Own a Home in Stratford, Texas
A $118,000 home here costs
$1,230per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $624 higher every month — 103% 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.
Stratford against Sherman County and Texas
| Measure | Stratford | Sherman County |
|---|---|---|
| Median home value | $118,000 | $125,500 |
| Median property tax | $2,779 | $2,450 |
| Effective tax rate | 2.355% | 1.952% |
| Median gross rent | $835 | $881 |
| Population | 1,321 | 2,434 |
The weather behind that power bill
Stratford sits in Sherman County, which averages a high of 93.6°F in its hottest month and a low of 20.6°F in its coldest, with 18.52" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 1,447 cooling and 4,570 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Sherman County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sherman County
No other places of this size are published in Sherman County.
Common questions
How much does it cost to own a home in Stratford?
A $118,000 home in Stratford, Texas costs approximately $1,230 per month with 20% down at 6.66%. That is $607 principal and interest, $232 property tax, $78 homeowners insurance, $216 utilities and $98 set aside for maintenance.
What is the property tax rate in Stratford?
Stratford has an effective property tax rate of 2.355%, based on a median home value of $118,000 and median real estate taxes of $2,779. That is higher than the Sherman County average of 1.952%.
What is the average home price in Stratford?
The median owner-occupied home value in Stratford, Texas is $118,000, against $125,500 across Sherman County.
Is it cheaper to rent or buy in Stratford?
Median gross rent in Stratford is $835 a month, against $1,230 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 Stratford — 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.