Rent vs Own in Cottle County, Texas

What This Data Tells Us About Renting vs Owning in Cottle County

$59,300 is the median home price in Cottle County; the tax bill that comes with it runs $680 a year, a 1.15% bite out of the home's value. Financing at 20% down and 6.5% puts the all-in monthly ownership cost (mortgage, tax, insurance) at $374 here, versus HUD's $1,015/mo 2-bedroom rental estimate. On those assumptions, owning is about $641/mo cheaper than renting before accounting for maintenance, HOA fees, or closing costs.

The median household income in Cottle County is $59,063, which puts the home-price-to-income ratio at roughly 1.0x, a common affordability yardstick flags ratios above 5x as stretched. Property taxes alone consume 1.2% of median income, versus a 2%–4% national benchmark. These are median-household snapshots, not personalized numbers, your own rent-versus-own math depends on down payment, credit, mortgage rate, how long you plan to stay, and whether you itemize the property tax deduction on your federal return.

HUD puts the FY2026 2-bedroom Fair Market Rent for Cottle County at $1,015/mo. Its FY2025 counterpart was $976/mo, so the local benchmark increased by $39/mo (+4.0%). That is in line with the modest single-digit annual FMR adjustment HUD applies in most counties.

The local comparison puts Cottle County at rank 4 of 250 statewide: rank 1 represents the most buy-favorable result. It sits ahead of 246 other Texas counties on this measure.