Total monthly cost of ownership
Cost to Own a Home in Troy, Texas
A $188,000 home here costs
$1,703per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $967. The real number is $736 higher every month — 76% 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.
Troy against Bell County and Texas
| Measure | Troy | Bell County |
|---|---|---|
| Median home value | $188,200 | $221,100 |
| Median property tax | $2,877 | $3,409 |
| Effective tax rate | 1.529% | 1.542% |
| Median gross rent | $1,141 | $1,168 |
| Population | 2,628 | 379,811 |
The weather behind that power bill
Troy sits in Bell County, which averages a high of 96.0°F in its hottest month and a low of 35.7°F in its coldest, with 36.97" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,630 cooling and 2,032 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Bell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bell County
Common questions
How much does it cost to own a home in Troy?
A $188,000 home in Troy, Texas costs approximately $1,703 per month with 20% down at 6.66%. That is $967 principal and interest, $240 property tax, $124 homeowners insurance, $216 utilities and $157 set aside for maintenance.
What is the property tax rate in Troy?
Troy has an effective property tax rate of 1.529%, based on a median home value of $188,200 and median real estate taxes of $2,877. That is lower than the Bell County average of 1.542%.
What is the average home price in Troy?
The median owner-occupied home value in Troy, Texas is $188,200, against $221,100 across Bell County.
Is it cheaper to rent or buy in Troy?
Median gross rent in Troy is $1,141 a month, against $1,703 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 Troy — 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.