Total monthly cost of ownership
Cost to Own a Home in Winnsboro, Texas
A $152,000 home here costs
$1,452per 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 $62,000 a year.
A standard mortgage calculator would have told you $829. The real number is $623 higher every month, 75% more than the payment most buyers budget for.
Compare Wood County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Winnsboro from a five-year rolling sample, and with about 3,386 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 Wood 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.
Winnsboro against Wood County and Texas
| Measure | Winnsboro | Wood County |
|---|---|---|
| Median home value | $152,000 | $195,100 |
| Median property tax | $1,842 | $1,818 |
| Effective tax rate | 1.212% | 0.932% |
| Median gross rent | $925 | $851 |
| Population | 3,386 | 46,094 |
Winnsboro extends across 2 counties. Figures here use Wood County, where most of its housing sits.
The weather behind that power bill
Winnsboro sits in Wood County, which averages a high of 93.4°F in its hottest month and a low of 34.9°F in its coldest, with 45.14" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,380 cooling and 2,423 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Wood County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wood County
Talk to someone who works this market
These are Winnsboro 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 Winnsboro every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Winnsboro I already own here and may sell
Common questions
How much does it cost to own a home in Winnsboro?
A $152,000 home in Winnsboro, Texas costs approximately $1,452 per month with 20% down at 7.24%. That is $829 principal and interest, $154 property tax, $101 homeowners insurance, $242 utilities and $127 set aside for maintenance.
What is the property tax rate in Winnsboro?
Winnsboro has an effective property tax rate of 1.212%, based on a median home value of $152,000 and median real estate taxes of $1,842. That is higher than the Wood County average of 0.932%.
What is the average home price in Winnsboro?
The median owner-occupied home value in Winnsboro, Texas is $152,000, against $195,100 across Wood County.
Is it cheaper to rent or buy in Winnsboro?
Median gross rent in Winnsboro is $925 a month, against $1,452 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 Winnsboro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Winnsboro, Texas at today's rate takes a household income of roughly $62,000 a year. That covers the full $1,452 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Winnsboro, 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.