Total monthly cost of ownership
Cost to Own a Home in Tool, Texas
A $164,000 home here costs
$1,473per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $843. The real number is $630 higher every month — 75% 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.
Tool against Henderson County and Texas
| Measure | Tool | Henderson County |
|---|---|---|
| Median home value | $163,700 | $189,600 |
| Median property tax | $2,021 | $1,859 |
| Effective tax rate | 1.235% | 0.980% |
| Median gross rent | $1,120 | $978 |
| Population | 2,399 | 83,658 |
The weather behind that power bill
Tool sits in Henderson County, which averages a high of 95.1°F in its hottest month and a low of 34.5°F in its coldest, with 44.75" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,529 cooling and 2,301 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Henderson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Henderson County
Full Henderson County cost breakdown · Every county in Texas
Common questions
How much does it cost to own a home in Tool?
A $164,000 home in Tool, Texas costs approximately $1,473 per month with 20% down at 6.66%. That is $843 principal and interest, $169 property tax, $109 homeowners insurance, $216 utilities and $137 set aside for maintenance.
What is the property tax rate in Tool?
Tool has an effective property tax rate of 1.235%, based on a median home value of $163,700 and median real estate taxes of $2,021. That is higher than the Henderson County average of 0.980%.
What is the average home price in Tool?
The median owner-occupied home value in Tool, Texas is $163,700, against $189,600 across Henderson County.
Is it cheaper to rent or buy in Tool?
Median gross rent in Tool is $1,120 a month, against $1,473 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 Tool — 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.