Total monthly cost of ownership
Cost to Own a Home in Canyon Lake, Texas
A $337,000 home here costs
$2,867per 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 $123,000 a year.
A standard mortgage calculator would have told you $1,837. The real number is $1,029 higher every month, 56% more than the payment most buyers budget for.
Compare Comal 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.
Canyon Lake against Comal County and Texas
| Measure | Canyon Lake | Comal County |
|---|---|---|
| Median home value | $337,200 | $398,800 |
| Median property tax | $3,400 | $4,827 |
| Effective tax rate | 1.008% | 1.210% |
| Median gross rent | $1,242 | $1,460 |
| Population | 32,924 | 174,552 |
The weather behind that power bill
Canyon Lake sits in Comal County, which averages a high of 95.6°F in its hottest month and a low of 39.8°F in its coldest, with 37.84" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,834 cooling and 1,672 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Comal County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Comal County
Talk to someone who works this market
These are Canyon Lake 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 Canyon Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Canyon Lake I already own here and may sell
Common questions
How much does it cost to own a home in Canyon Lake?
A $337,000 home in Canyon Lake, Texas costs approximately $2,867 per month with 20% down at 7.24%. That is $1,837 principal and interest, $283 property tax, $223 homeowners insurance, $242 utilities and $281 set aside for maintenance.
What is the property tax rate in Canyon Lake?
Canyon Lake has an effective property tax rate of 1.008%, based on a median home value of $337,200 and median real estate taxes of $3,400. That is lower than the Comal County average of 1.210%.
What is the average home price in Canyon Lake?
The median owner-occupied home value in Canyon Lake, Texas is $337,200, against $398,800 across Comal County.
Is it cheaper to rent or buy in Canyon Lake?
Median gross rent in Canyon Lake is $1,242 a month, against $2,867 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 Canyon Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Canyon Lake, Texas at today's rate takes a household income of roughly $123,000 a year. That covers the full $2,867 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Canyon 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.