Total monthly cost of ownership
Cost to Own a Home in Cottonwood Shores, Texas
A $236,000 home here costs
$1,992per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,213. The real number is $779 higher every month — 64% 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.
Cottonwood Shores against Burnet County and Texas
| Measure | Cottonwood Shores | Burnet County |
|---|---|---|
| Median home value | $236,200 | $310,500 |
| Median property tax | $2,527 | $3,495 |
| Effective tax rate | 1.070% | 1.126% |
| Median gross rent | $996 | $1,324 |
| Population | 1,626 | 51,064 |
The weather behind that power bill
Cottonwood Shores sits in Burnet County, which averages a high of 95.8°F in its hottest month and a low of 38.1°F in its coldest, with 28.38" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,788 cooling and 1,845 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Burnet County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Burnet County
Common questions
How much does it cost to own a home in Cottonwood Shores?
A $236,000 home in Cottonwood Shores, Texas costs approximately $1,992 per month with 20% down at 6.66%. That is $1,213 principal and interest, $210 property tax, $156 homeowners insurance, $216 utilities and $197 set aside for maintenance.
What is the property tax rate in Cottonwood Shores?
Cottonwood Shores has an effective property tax rate of 1.070%, based on a median home value of $236,200 and median real estate taxes of $2,527. That is lower than the Burnet County average of 1.126%.
What is the average home price in Cottonwood Shores?
The median owner-occupied home value in Cottonwood Shores, Texas is $236,200, against $310,500 across Burnet County.
Is it cheaper to rent or buy in Cottonwood Shores?
Median gross rent in Cottonwood Shores is $996 a month, against $1,992 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 Cottonwood Shores — 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.