Total monthly cost of ownership
Cost to Own a Home in Tahoka, Texas
A $113,000 home here costs
$1,151per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $570 higher every month — 98% 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.
Tahoka against Lynn County and Texas
| Measure | Tahoka | Lynn County |
|---|---|---|
| Median home value | $113,400 | $130,800 |
| Median property tax | $2,235 | $2,268 |
| Effective tax rate | 1.971% | 1.734% |
| Median gross rent | $965 | $933 |
| Population | 2,455 | 5,667 |
The weather behind that power bill
Tahoka sits in Lynn County, which averages a high of 93.3°F in its hottest month and a low of 28.3°F in its coldest, with 20.68" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 1,951 cooling and 3,098 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Lynn County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lynn County
No other places of this size are published in Lynn County.
Common questions
How much does it cost to own a home in Tahoka?
A $113,000 home in Tahoka, Texas costs approximately $1,151 per month with 20% down at 6.66%. That is $581 principal and interest, $186 property tax, $75 homeowners insurance, $216 utilities and $94 set aside for maintenance.
What is the property tax rate in Tahoka?
Tahoka has an effective property tax rate of 1.971%, based on a median home value of $113,400 and median real estate taxes of $2,235. That is higher than the Lynn County average of 1.734%.
What is the average home price in Tahoka?
The median owner-occupied home value in Tahoka, Texas is $113,400, against $130,800 across Lynn County.
Is it cheaper to rent or buy in Tahoka?
Median gross rent in Tahoka is $965 a month, against $1,151 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 Tahoka — 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.