Total monthly cost of ownership
Cost to Own a Home in Eagle Lake, Texas
A $111,000 home here costs
$1,120per 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 $48,000 a year.
A standard mortgage calculator would have told you $605. The real number is $515 higher every month, 85% more than the payment most buyers budget for.
Compare Colorado County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Eagle Lake from a five-year rolling sample, and with about 3,464 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 Colorado 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.
Eagle Lake against Colorado County and Texas
| Measure | Eagle Lake | Colorado County |
|---|---|---|
| Median home value | $110,700 | $194,000 |
| Median property tax | $1,279 | $2,117 |
| Effective tax rate | 1.155% | 1.091% |
| Median gross rent | $1,106 | $1,002 |
| Population | 3,464 | 20,736 |
The weather behind that power bill
Eagle Lake sits in Colorado County, which averages a high of 97.9°F in its hottest month and a low of 38.6°F in its coldest, with 45.04" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,984 cooling and 1,556 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Colorado County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Colorado County
Talk to someone who works this market
These are Eagle 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 Eagle Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Eagle Lake I already own here and may sell
Common questions
How much does it cost to own a home in Eagle Lake?
A $111,000 home in Eagle Lake, Texas costs approximately $1,120 per month with 20% down at 7.24%. That is $605 principal and interest, $107 property tax, $73 homeowners insurance, $242 utilities and $93 set aside for maintenance.
What is the property tax rate in Eagle Lake?
Eagle Lake has an effective property tax rate of 1.155%, based on a median home value of $110,700 and median real estate taxes of $1,279. That is higher than the Colorado County average of 1.091%.
What is the average home price in Eagle Lake?
The median owner-occupied home value in Eagle Lake, Texas is $110,700, against $194,000 across Colorado County.
Is it cheaper to rent or buy in Eagle Lake?
Median gross rent in Eagle Lake is $1,106 a month, against $1,120 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 Eagle Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Eagle Lake, Texas at today's rate takes a household income of roughly $48,000 a year. That covers the full $1,120 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Eagle 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.