Total monthly cost of ownership
Cost to Own a Home in Timpson, Texas
A $78,000 home here costs
$780per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $401. The real number is $379 higher every month — 95% 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.
Timpson against Shelby County and Texas
| Measure | Timpson | Shelby County |
|---|---|---|
| Median home value | $77,600 | $111,700 |
| Median property tax | $561 | $1,143 |
| Effective tax rate | 0.723% | 1.023% |
| Median gross rent | $613 | $832 |
| Population | 1,124 | 24,108 |
The weather behind that power bill
Timpson sits in Shelby County, which averages a high of 94.5°F in its hottest month and a low of 35.7°F in its coldest, with 56.49" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,485 cooling and 2,241 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Shelby County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Shelby County
Common questions
How much does it cost to own a home in Timpson?
A $78,000 home in Timpson, Texas costs approximately $780 per month with 20% down at 6.66%. That is $401 principal and interest, $47 property tax, $52 homeowners insurance, $216 utilities and $65 set aside for maintenance.
What is the property tax rate in Timpson?
Timpson has an effective property tax rate of 0.723%, based on a median home value of $77,600 and median real estate taxes of $561. That is lower than the Shelby County average of 1.023%.
What is the average home price in Timpson?
The median owner-occupied home value in Timpson, Texas is $77,600, against $111,700 across Shelby County.
Is it cheaper to rent or buy in Timpson?
Median gross rent in Timpson is $613 a month, against $780 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 Timpson — 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.