Total monthly cost of ownership
Cost to Own a Home in Flower Mound, Texas
A $514,000 home here costs
$4,538per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $194,500 a year.
A standard mortgage calculator would have told you $2,847. The real number is $1,691 higher every month, 59% more than the payment most buyers budget for.
Compare Tarrant 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.
Flower Mound against Tarrant County and Texas
| Measure | Flower Mound | Tarrant County |
|---|---|---|
| Median home value | $514,100 | $294,100 |
| Median property tax | $8,169 | $5,211 |
| Effective tax rate | 1.589% | 1.772% |
| Median gross rent | $2,221 | $1,447 |
| Population | 77,886 | 2,135,743 |
Flower Mound extends across 2 counties. Figures here use Tarrant County, where most of its housing sits.
The weather behind that power bill
Flower Mound sits in Tarrant County, which averages a high of 97.1°F in its hottest month and a low of 37.9°F in its coldest, with 38.32" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 3,125 cooling and 1,992 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Tarrant County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tarrant County
Talk to someone who works this market
These are Flower Mound 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 Flower Mound 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 Flower Mound?
A $514,000 home in Flower Mound, Texas costs approximately $4,538 per month with 20% down at 7.4%. That is $2,847 principal and interest, $681 property tax, $340 homeowners insurance, $242 utilities and $428 set aside for maintenance.
What is the property tax rate in Flower Mound?
Flower Mound has an effective property tax rate of 1.589%, based on a median home value of $514,100 and median real estate taxes of $8,169. That is lower than the Tarrant County average of 1.772%.
What is the average home price in Flower Mound?
The median owner-occupied home value in Flower Mound, Texas is $514,100, against $294,100 across Tarrant County.
Is it cheaper to rent or buy in Flower Mound?
Median gross rent in Flower Mound is $2,221 a month, against $4,538 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 Flower Mound?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Flower Mound, Texas at today's rate takes a household income of roughly $194,500 a year. That covers the full $4,538 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Flower Mound, 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.