Rent vs. Buy in Willacy County, TX

Should you rent or buy in Willacy County? Here are the numbers.

Median Home Price

$66,900

Median Rent

$695/mo

Price-to-Rent Ratio

8x

Homeownership Rate

69.1%

Monthly Cost Comparison

Buying (20% down, 6.5% rate)

Mortgage (P&I)$338
Property Tax$97
Insurance$22

Total Monthly$457

Renting

Monthly Rent$695
Renter's Insurance$25

Total Monthly$720

In Willacy County, buying is approximately $238/mo cheaper than renting (before equity buildup and tax benefits).

About Willacy County, Texas

Willacy County in Texas has a median household income of $42,839 and an effective property tax rate of 1.7%. With a price-to-rent ratio of 8x, buying is likely more cost-effective for long-term residents.

These are starting estimates based on county-level medians. Your actual costs depend on the specific property, your credit score, down payment, and dozens of other variables. Our Monte Carlo simulation models 10,000 scenarios to give you probability-weighted answers, not single-point estimates.

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Other Counties in Texas

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Federal Housing Finance Agency. Estimates are based on county-level medians and may not reflect specific neighborhoods or property types. This is not financial advice — consult a licensed professional before making housing decisions.