Total monthly cost of ownership
Cost to Own a Home in Brownwood, Texas
A $124,000 home here costs
$1,203per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $637. The real number is $565 higher every month — 89% 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.
Brownwood against Brown County and Texas
| Measure | Brownwood | Brown County |
|---|---|---|
| Median home value | $123,700 | $149,900 |
| Median property tax | $1,963 | $1,727 |
| Effective tax rate | 1.587% | 1.152% |
| Median gross rent | $829 | $887 |
| Population | 18,805 | 38,294 |
The weather behind that power bill
Brownwood sits in Brown County, which averages a high of 96.9°F in its hottest month and a low of 31.7°F in its coldest, with 30.64" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,607 cooling and 2,352 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Brown County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Brown County
Common questions
How much does it cost to own a home in Brownwood?
A $124,000 home in Brownwood, Texas costs approximately $1,203 per month with 20% down at 6.66%. That is $637 principal and interest, $164 property tax, $82 homeowners insurance, $216 utilities and $103 set aside for maintenance.
What is the property tax rate in Brownwood?
Brownwood has an effective property tax rate of 1.587%, based on a median home value of $123,700 and median real estate taxes of $1,963. That is higher than the Brown County average of 1.152%.
What is the average home price in Brownwood?
The median owner-occupied home value in Brownwood, Texas is $123,700, against $149,900 across Brown County.
Is it cheaper to rent or buy in Brownwood?
Median gross rent in Brownwood is $829 a month, against $1,203 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 Brownwood — 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.