Total monthly cost of ownership
Cost to Own a Home in Florence, Texas
A $207,000 home here costs
$1,882per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,064. The real number is $818 higher every month — 77% 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.
Florence against Williamson County and Texas
| Measure | Florence | Williamson County |
|---|---|---|
| Median home value | $206,500 | $414,600 |
| Median property tax | $3,500 | $7,079 |
| Effective tax rate | 1.695% | 1.707% |
| Median gross rent | $956 | $1,720 |
| Population | 1,215 | 643,889 |
The weather behind that power bill
Florence sits in Williamson County, which averages a high of 96.8°F in its hottest month and a low of 36.2°F in its coldest, with 37.08" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,748 cooling and 1,949 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Williamson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Williamson County
Full Williamson County cost breakdown · Every county in Texas
Common questions
How much does it cost to own a home in Florence?
A $207,000 home in Florence, Texas costs approximately $1,882 per month with 20% down at 6.66%. That is $1,064 principal and interest, $292 property tax, $137 homeowners insurance, $216 utilities and $173 set aside for maintenance.
What is the property tax rate in Florence?
Florence has an effective property tax rate of 1.695%, based on a median home value of $206,500 and median real estate taxes of $3,500. That is lower than the Williamson County average of 1.707%.
What is the average home price in Florence?
The median owner-occupied home value in Florence, Texas is $206,500, against $414,600 across Williamson County.
Is it cheaper to rent or buy in Florence?
Median gross rent in Florence is $956 a month, against $1,882 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 Florence — 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.