Total monthly cost of ownership
Cost to Own a Home in Wellington, Texas
A $102,000 home here costs
$1,058per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $45,500 a year.
A standard mortgage calculator would have told you $556. The real number is $502 higher every month, 90% more than the payment most buyers budget for.
Compare Collingsworth County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Wellington from a five-year rolling sample, and with about 2,008 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Collingsworth County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Wellington against Collingsworth County and Texas
| Measure | Wellington | Collingsworth County |
|---|---|---|
| Median home value | $101,700 | $108,400 |
| Median property tax | $1,280 | $1,378 |
| Effective tax rate | 1.259% | 1.271% |
| Median gross rent | $468 | $619 |
| Population | 2,008 | 2,733 |
The weather behind that power bill
Wellington sits in Collingsworth County, which averages a high of 98.7°F in its hottest month and a low of 27.9°F in its coldest, with 22.08" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 2,399 cooling and 2,949 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Collingsworth County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Collingsworth County
No other places of this size are published in Collingsworth County.
Full Collingsworth County cost breakdown · Every county in Texas
Talk to someone who works this market
These are Wellington averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Wellington every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wellington I already own here and may sell
Common questions
How much does it cost to own a home in Wellington?
A $102,000 home in Wellington, Texas costs approximately $1,058 per month with 20% down at 7.24%. That is $556 principal and interest, $107 property tax, $67 homeowners insurance, $242 utilities and $85 set aside for maintenance.
What is the property tax rate in Wellington?
Wellington has an effective property tax rate of 1.259%, based on a median home value of $101,700 and median real estate taxes of $1,280. That is lower than the Collingsworth County average of 1.271%.
What is the average home price in Wellington?
The median owner-occupied home value in Wellington, Texas is $101,700, against $108,400 across Collingsworth County.
Is it cheaper to rent or buy in Wellington?
Median gross rent in Wellington is $468 a month, against $1,058 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Wellington?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wellington, Texas at today's rate takes a household income of roughly $45,500 a year. That covers the full $1,058 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wellington, 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.