Total monthly cost of ownership
Cost to Own a Home in Terrell, Texas
A $190,000 home here costs
$1,769per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $977. The real number is $792 higher every month — 81% 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.
Terrell against Kaufman County and Texas
| Measure | Terrell | Kaufman County |
|---|---|---|
| Median home value | $190,000 | $290,800 |
| Median property tax | $3,509 | $5,036 |
| Effective tax rate | 1.847% | 1.732% |
| Median gross rent | $1,167 | $1,408 |
| Population | 19,019 | 160,718 |
The weather behind that power bill
Terrell sits in Kaufman County, which averages a high of 96.3°F in its hottest month and a low of 35.7°F in its coldest, with 38.42" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,738 cooling and 2,211 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Kaufman County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kaufman County
Common questions
How much does it cost to own a home in Terrell?
A $190,000 home in Terrell, Texas costs approximately $1,769 per month with 20% down at 6.66%. That is $977 principal and interest, $292 property tax, $126 homeowners insurance, $216 utilities and $158 set aside for maintenance.
What is the property tax rate in Terrell?
Terrell has an effective property tax rate of 1.847%, based on a median home value of $190,000 and median real estate taxes of $3,509. That is higher than the Kaufman County average of 1.732%.
What is the average home price in Terrell?
The median owner-occupied home value in Terrell, Texas is $190,000, against $290,800 across Kaufman County.
Is it cheaper to rent or buy in Terrell?
Median gross rent in Terrell is $1,167 a month, against $1,769 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 Terrell — 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.