Total monthly cost of ownership
Cost to Own a Home in Fredericksburg, Texas
A $443,000 home here costs
$3,753per 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 $161,000 a year.
A standard mortgage calculator would have told you $2,415. The real number is $1,337 higher every month, 55% more than the payment most buyers budget for.
Compare Gillespie 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.
Fredericksburg against Gillespie County and Texas
| Measure | Fredericksburg | Gillespie County |
|---|---|---|
| Median home value | $442,800 | $432,300 |
| Median property tax | $5,189 | $4,404 |
| Effective tax rate | 1.172% | 1.019% |
| Median gross rent | $1,364 | $1,331 |
| Population | 11,254 | 27,202 |
The weather behind that power bill
Fredericksburg sits in Gillespie County, which averages a high of 94.2°F in its hottest month and a low of 34.2°F in its coldest, with 30.56" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,382 cooling and 2,163 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Gillespie County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gillespie County
Full Gillespie County cost breakdown · Every county in Texas
Talk to someone who works this market
These are Fredericksburg 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 Fredericksburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fredericksburg I already own here and may sell
Common questions
How much does it cost to own a home in Fredericksburg?
A $443,000 home in Fredericksburg, Texas costs approximately $3,753 per month with 20% down at 7.24%. That is $2,415 principal and interest, $433 property tax, $293 homeowners insurance, $242 utilities and $369 set aside for maintenance.
What is the property tax rate in Fredericksburg?
Fredericksburg has an effective property tax rate of 1.172%, based on a median home value of $442,800 and median real estate taxes of $5,189. That is higher than the Gillespie County average of 1.019%.
What is the average home price in Fredericksburg?
The median owner-occupied home value in Fredericksburg, Texas is $442,800, against $432,300 across Gillespie County.
Is it cheaper to rent or buy in Fredericksburg?
Median gross rent in Fredericksburg is $1,364 a month, against $3,753 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 Fredericksburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fredericksburg, Texas at today's rate takes a household income of roughly $161,000 a year. That covers the full $3,753 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fredericksburg, 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.