Total monthly cost of ownership
Cost to Own a Home in Gladewater, Texas
A $162,000 home here costs
$1,579per 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 $67,500 a year.
A standard mortgage calculator would have told you $897. The real number is $682 higher every month, 76% more than the payment most buyers budget for.
Compare Gregg 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.
Gladewater against Gregg County and Texas
| Measure | Gladewater | Gregg County |
|---|---|---|
| Median home value | $162,400 | $185,800 |
| Median property tax | $2,379 | $2,271 |
| Effective tax rate | 1.465% | 1.222% |
| Median gross rent | $984 | $1,072 |
| Population | 6,297 | 124,860 |
Gladewater extends across 2 counties. Figures here use Gregg County, where most of its housing sits.
The weather behind that power bill
Gladewater sits in Gregg County, which averages a high of 94.7°F in its hottest month and a low of 36.7°F in its coldest, with 45.31" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,613 cooling and 2,136 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Gregg County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gregg County
Talk to someone who works this market
These are Gladewater 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 Gladewater every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Gladewater I already own here and may sell
Common questions
How much does it cost to own a home in Gladewater?
A $162,000 home in Gladewater, Texas costs approximately $1,579 per month with 20% down at 7.4%. That is $897 principal and interest, $198 property tax, $107 homeowners insurance, $242 utilities and $135 set aside for maintenance.
What is the property tax rate in Gladewater?
Gladewater has an effective property tax rate of 1.465%, based on a median home value of $162,400 and median real estate taxes of $2,379. That is higher than the Gregg County average of 1.222%.
What is the average home price in Gladewater?
The median owner-occupied home value in Gladewater, Texas is $162,400, against $185,800 across Gregg County.
Is it cheaper to rent or buy in Gladewater?
Median gross rent in Gladewater is $984 a month, against $1,579 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 Gladewater?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gladewater, Texas at today's rate takes a household income of roughly $67,500 a year. That covers the full $1,579 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gladewater, 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.