Total monthly cost of ownership
Cost to Own a Home in Giddings, Texas
A $193,000 home here costs
$1,776per 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 $76,000 a year.
A standard mortgage calculator would have told you $1,052. The real number is $723 higher every month, 69% more than the payment most buyers budget for.
Compare Lee 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.
Giddings against Lee County and Texas
| Measure | Giddings | Lee County |
|---|---|---|
| Median home value | $192,800 | $247,500 |
| Median property tax | $2,307 | $2,399 |
| Effective tax rate | 1.197% | 0.969% |
| Median gross rent | $1,139 | $1,050 |
| Population | 5,085 | 17,758 |
The weather behind that power bill
Giddings sits in Lee County, which averages a high of 96.0°F in its hottest month and a low of 38.6°F in its coldest, with 37.72" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,922 cooling and 1,774 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Lee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lee County
Talk to someone who works this market
These are Giddings 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 Giddings every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Giddings I already own here and may sell
Common questions
How much does it cost to own a home in Giddings?
A $193,000 home in Giddings, Texas costs approximately $1,776 per month with 20% down at 7.24%. That is $1,052 principal and interest, $193 property tax, $128 homeowners insurance, $242 utilities and $161 set aside for maintenance.
What is the property tax rate in Giddings?
Giddings has an effective property tax rate of 1.197%, based on a median home value of $192,800 and median real estate taxes of $2,307. That is higher than the Lee County average of 0.969%.
What is the average home price in Giddings?
The median owner-occupied home value in Giddings, Texas is $192,800, against $247,500 across Lee County.
Is it cheaper to rent or buy in Giddings?
Median gross rent in Giddings is $1,139 a month, against $1,776 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 Giddings?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Giddings, Texas at today's rate takes a household income of roughly $76,000 a year. That covers the full $1,776 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Giddings, 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.