Total monthly cost of ownership
Cost to Own a Home in Buchanan Dam, Texas
A $267,000 home here costs
$2,279per 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 $97,500 a year.
A standard mortgage calculator would have told you $1,456. The real number is $823 higher every month, 57% more than the payment most buyers budget for.
Compare Llano County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Buchanan Dam from a five-year rolling sample, and with about 1,359 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Llano County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Buchanan Dam against Llano County and Texas
| Measure | Buchanan Dam | Llano County |
|---|---|---|
| Median home value | $267,100 | $322,300 |
| Median property tax | $2,182 | $2,587 |
| Effective tax rate | 0.817% | 0.803% |
| Median gross rent | $917 | $995 |
| Population | 1,359 | 22,011 |
The weather behind that power bill
Buchanan Dam sits in Llano County, which averages a high of 96.8°F in its hottest month and a low of 33.6°F in its coldest, with 27.57" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,799 cooling and 2,014 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Llano County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Llano County
Talk to someone who works this market
These are Buchanan Dam 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 Buchanan Dam every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Buchanan Dam?
A $267,000 home in Buchanan Dam, Texas costs approximately $2,279 per month with 20% down at 7.24%. That is $1,456 principal and interest, $182 property tax, $177 homeowners insurance, $242 utilities and $223 set aside for maintenance.
What is the property tax rate in Buchanan Dam?
Buchanan Dam has an effective property tax rate of 0.817%, based on a median home value of $267,100 and median real estate taxes of $2,182. That is higher than the Llano County average of 0.803%.
What is the average home price in Buchanan Dam?
The median owner-occupied home value in Buchanan Dam, Texas is $267,100, against $322,300 across Llano County.
Is it cheaper to rent or buy in Buchanan Dam?
Median gross rent in Buchanan Dam is $917 a month, against $2,279 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 Buchanan Dam?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Buchanan Dam, Texas at today's rate takes a household income of roughly $97,500 a year. That covers the full $2,279 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Buchanan Dam, 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.