Total monthly cost of ownership
Cost to Own a Home in Town of Pecos, Texas
A $114,000 home here costs
$1,088per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $586. The real number is $502 higher every month — 86% 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.
Town of Pecos against Reeves County and Texas
| Measure | Town of Pecos | Reeves County |
|---|---|---|
| Median home value | $113,800 | $113,700 |
| Median property tax | $1,390 | $1,343 |
| Effective tax rate | 1.221% | 1.181% |
| Median gross rent | $986 | $988 |
| Population | 11,485 | 13,219 |
The weather behind that power bill
Town of Pecos sits in Reeves County, which averages a high of 98.0°F in its hottest month and a low of 29.8°F in its coldest, with 10.08" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 2,535 cooling and 2,351 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Reeves County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Reeves County
No other places of this size are published in Reeves County.
Common questions
How much does it cost to own a home in Town of Pecos?
A $114,000 home in Town of Pecos, Texas costs approximately $1,088 per month with 20% down at 6.66%. That is $586 principal and interest, $116 property tax, $75 homeowners insurance, $216 utilities and $95 set aside for maintenance.
What is the property tax rate in Town of Pecos?
Town of Pecos has an effective property tax rate of 1.221%, based on a median home value of $113,800 and median real estate taxes of $1,390. That is higher than the Reeves County average of 1.181%.
What is the average home price in Town of Pecos?
The median owner-occupied home value in Town of Pecos, Texas is $113,800, against $113,700 across Reeves County.
Is it cheaper to rent or buy in Town of Pecos?
Median gross rent in Town of Pecos is $986 a month, against $1,088 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 Town of Pecos — 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.