Total monthly cost of ownership
Cost to Own a Home in Garfield, Texas
A $64,000 home here costs
$740per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $329. The real number is $411 higher every month — 125% 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.
Garfield against Travis County and Texas
| Measure | Garfield | Travis County |
|---|---|---|
| Median home value | $64,200 | $487,600 |
| Median property tax | $1,199 | $7,487 |
| Effective tax rate | 1.868% | 1.535% |
| Median gross rent | — | $1,669 |
| Population | 2,424 | 1,307,625 |
The weather behind that power bill
Garfield sits in Travis County, which averages a high of 97.0°F in its hottest month and a low of 37.7°F in its coldest, with 35.57" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,996 cooling and 1,718 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Travis County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Travis County
Common questions
How much does it cost to own a home in Garfield?
A $64,000 home in Garfield, Texas costs approximately $740 per month with 20% down at 6.66%. That is $329 principal and interest, $100 property tax, $42 homeowners insurance, $216 utilities and $53 set aside for maintenance.
What is the property tax rate in Garfield?
Garfield has an effective property tax rate of 1.868%, based on a median home value of $64,200 and median real estate taxes of $1,199. That is higher than the Travis County average of 1.535%.
What is the average home price in Garfield?
The median owner-occupied home value in Garfield, Texas is $64,200, against $487,600 across Travis County.
Is it cheaper to rent or buy in Garfield?
Rent data is not published for Garfield at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Garfield — 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.