Total monthly cost of ownership
Cost to Own a Home in Sweetwater, Texas
A $84,000 home here costs
$929per 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 $40,000 a year.
A standard mortgage calculator would have told you $458. The real number is $471 higher every month, 103% more than the payment most buyers budget for.
Compare Nolan 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.
Sweetwater against Nolan County and Texas
| Measure | Sweetwater | Nolan County |
|---|---|---|
| Median home value | $84,000 | $98,300 |
| Median property tax | $1,237 | $1,485 |
| Effective tax rate | 1.473% | 1.511% |
| Median gross rent | $862 | $866 |
| Population | 10,484 | 14,565 |
The weather behind that power bill
Sweetwater sits in Nolan County, which averages a high of 95.0°F in its hottest month and a low of 29.3°F in its coldest, with 23.91" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,198 cooling and 2,644 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Nolan County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nolan County
Talk to someone who works this market
These are Sweetwater 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 Sweetwater every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Sweetwater I already own here and may sell
Common questions
How much does it cost to own a home in Sweetwater?
A $84,000 home in Sweetwater, Texas costs approximately $929 per month with 20% down at 7.24%. That is $458 principal and interest, $103 property tax, $56 homeowners insurance, $242 utilities and $70 set aside for maintenance.
What is the property tax rate in Sweetwater?
Sweetwater has an effective property tax rate of 1.473%, based on a median home value of $84,000 and median real estate taxes of $1,237. That is lower than the Nolan County average of 1.511%.
What is the average home price in Sweetwater?
The median owner-occupied home value in Sweetwater, Texas is $84,000, against $98,300 across Nolan County.
Is it cheaper to rent or buy in Sweetwater?
Median gross rent in Sweetwater is $862 a month, against $929 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 Sweetwater?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Sweetwater, Texas at today's rate takes a household income of roughly $40,000 a year. That covers the full $929 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sweetwater, 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.