Total monthly cost of ownership
Cost to Own a Home in Whitney, Texas
A $116,000 home here costs
$1,165per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $596. The real number is $569 higher every month — 95% 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.
Whitney against Hill County and Texas
| Measure | Whitney | Hill County |
|---|---|---|
| Median home value | $115,500 | $163,100 |
| Median property tax | $2,143 | $2,012 |
| Effective tax rate | 1.855% | 1.234% |
| Median gross rent | $818 | $929 |
| Population | 2,308 | 36,664 |
The weather behind that power bill
Whitney sits in Hill County, which averages a high of 97.0°F in its hottest month and a low of 33.9°F in its coldest, with 38.74" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,674 cooling and 2,257 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Hill County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hill County
Common questions
How much does it cost to own a home in Whitney?
A $116,000 home in Whitney, Texas costs approximately $1,165 per month with 20% down at 6.66%. That is $596 principal and interest, $179 property tax, $77 homeowners insurance, $216 utilities and $97 set aside for maintenance.
What is the property tax rate in Whitney?
Whitney has an effective property tax rate of 1.855%, based on a median home value of $115,500 and median real estate taxes of $2,143. That is higher than the Hill County average of 1.234%.
What is the average home price in Whitney?
The median owner-occupied home value in Whitney, Texas is $115,500, against $163,100 across Hill County.
Is it cheaper to rent or buy in Whitney?
Median gross rent in Whitney is $818 a month, against $1,165 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 Whitney — 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.