Total monthly cost of ownership
Cost to Own a Home in Big Lake, Texas
A $156,000 home here costs
$1,402per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $802. The real number is $600 higher every month — 75% 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.
Big Lake against Reagan County and Texas
| Measure | Big Lake | Reagan County |
|---|---|---|
| Median home value | $155,500 | $163,700 |
| Median property tax | $1,804 | $1,825 |
| Effective tax rate | 1.160% | 1.115% |
| Median gross rent | $806 | $806 |
| Population | 3,092 | 3,259 |
The weather behind that power bill
Big Lake sits in Reagan County, which averages a high of 95.0°F in its hottest month and a low of 33.4°F in its coldest, with 18.18" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,503 cooling and 2,173 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Reagan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Reagan County
No other places of this size are published in Reagan County.
Common questions
How much does it cost to own a home in Big Lake?
A $156,000 home in Big Lake, Texas costs approximately $1,402 per month with 20% down at 6.66%. That is $802 principal and interest, $151 property tax, $103 homeowners insurance, $216 utilities and $130 set aside for maintenance.
What is the property tax rate in Big Lake?
Big Lake has an effective property tax rate of 1.160%, based on a median home value of $155,500 and median real estate taxes of $1,804. That is higher than the Reagan County average of 1.115%.
What is the average home price in Big Lake?
The median owner-occupied home value in Big Lake, Texas is $155,500, against $163,700 across Reagan County.
Is it cheaper to rent or buy in Big Lake?
Median gross rent in Big Lake is $806 a month, against $1,402 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 Big Lake — 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.