Total monthly cost of ownership
Cost to Own a Home in Wheeler, Texas
A $130,000 home here costs
$1,238per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $668. The real number is $570 higher every month — 85% 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.
Wheeler against Wheeler County and Texas
| Measure | Wheeler | Wheeler County |
|---|---|---|
| Median home value | $130,000 | $97,600 |
| Median property tax | $1,917 | $1,411 |
| Effective tax rate | 1.475% | 1.446% |
| Median gross rent | $986 | $995 |
| Population | 1,401 | 4,902 |
The weather behind that power bill
Wheeler sits in Wheeler County, which averages a high of 93.8°F in its hottest month and a low of 23.8°F in its coldest, with 25.29" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,698 cooling and 3,972 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Wheeler County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wheeler County
Common questions
How much does it cost to own a home in Wheeler?
A $130,000 home in Wheeler, Texas costs approximately $1,238 per month with 20% down at 6.66%. That is $668 principal and interest, $160 property tax, $86 homeowners insurance, $216 utilities and $108 set aside for maintenance.
What is the property tax rate in Wheeler?
Wheeler has an effective property tax rate of 1.475%, based on a median home value of $130,000 and median real estate taxes of $1,917. That is higher than the Wheeler County average of 1.446%.
What is the average home price in Wheeler?
The median owner-occupied home value in Wheeler, Texas is $130,000, against $97,600 across Wheeler County.
Is it cheaper to rent or buy in Wheeler?
Median gross rent in Wheeler is $986 a month, against $1,238 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 Wheeler — 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.