Total monthly cost of ownership
Cost to Own a Home in Bowie, Texas
A $182,000 home here costs
$1,676per 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 $72,000 a year.
A standard mortgage calculator would have told you $992. The real number is $684 higher every month, 69% more than the payment most buyers budget for.
Compare Montague County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bowie against Montague County and Texas
| Measure | Bowie | Montague County |
|---|---|---|
| Median home value | $182,400 | $189,400 |
| Median property tax | $2,040 | $1,802 |
| Effective tax rate | 1.118% | 0.951% |
| Median gross rent | $1,139 | $957 |
| Population | 5,617 | 20,599 |
The weather behind that power bill
Bowie sits in Montague County, which averages a high of 95.7°F in its hottest month and a low of 30.5°F in its coldest, with 35.35" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,420 cooling and 2,853 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Montague County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montague County
Talk to someone who works this market
These are Bowie 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 Bowie every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Bowie?
A $182,000 home in Bowie, Texas costs approximately $1,676 per month with 20% down at 7.24%. That is $992 principal and interest, $170 property tax, $120 homeowners insurance, $242 utilities and $152 set aside for maintenance.
What is the property tax rate in Bowie?
Bowie has an effective property tax rate of 1.118%, based on a median home value of $182,400 and median real estate taxes of $2,040. That is higher than the Montague County average of 0.951%.
What is the average home price in Bowie?
The median owner-occupied home value in Bowie, Texas is $182,400, against $189,400 across Montague County.
Is it cheaper to rent or buy in Bowie?
Median gross rent in Bowie is $1,139 a month, against $1,676 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 Bowie?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bowie, Texas at today's rate takes a household income of roughly $72,000 a year. That covers the full $1,676 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bowie, 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.