Total monthly cost of ownership
Cost to Own a Home in Waxahachie, Texas
A $308,000 home here costs
$2,659per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,583. The real number is $1,076 higher every month — 68% 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.
Waxahachie against Ellis County and Texas
| Measure | Waxahachie | Ellis County |
|---|---|---|
| Median home value | $307,900 | $306,400 |
| Median property tax | $4,795 | $4,472 |
| Effective tax rate | 1.557% | 1.460% |
| Median gross rent | $1,495 | $1,449 |
| Population | 43,591 | 203,927 |
The weather behind that power bill
Waxahachie sits in Ellis County, which averages a high of 95.3°F in its hottest month and a low of 33.9°F in its coldest, with 40.8" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,543 cooling and 2,431 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Ellis County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ellis County
Common questions
How much does it cost to own a home in Waxahachie?
A $308,000 home in Waxahachie, Texas costs approximately $2,659 per month with 20% down at 6.66%. That is $1,583 principal and interest, $400 property tax, $204 homeowners insurance, $216 utilities and $257 set aside for maintenance.
What is the property tax rate in Waxahachie?
Waxahachie has an effective property tax rate of 1.557%, based on a median home value of $307,900 and median real estate taxes of $4,795. That is higher than the Ellis County average of 1.460%.
What is the average home price in Waxahachie?
The median owner-occupied home value in Waxahachie, Texas is $307,900, against $306,400 across Ellis County.
Is it cheaper to rent or buy in Waxahachie?
Median gross rent in Waxahachie is $1,495 a month, against $2,659 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 Waxahachie — 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.