Somervell County, TX real estate

What the numbers say

Somervell County, TX real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Somervell County pay a median of $2,634 a year in property taxes on a median home value of $289,500, an effective rate of about 0.91%. The Texas average is 1.49%, which makes Somervell County the #32 lowest-tax of 250 counties in the state with published tax data.

Renters pay a median of $773 a month, and $532 for a two-bedroom. At today's prices a typical home costs about 31 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $290,000 home here comes to about $1,918 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $82,000 a year (the median household here earns $79,825).