Total monthly cost of ownership
Cost to Own a Home in Gladewater, Texas
A $162,000 home here costs
$1,489per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $833. The real number is $656 higher every month — 79% 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.
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 $148 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
Common questions
How much does it cost to own a home in Gladewater?
A $162,000 home in Gladewater, Texas costs approximately $1,489 per month with 20% down at 6.66%. That is $833 principal and interest, $198 property tax, $107 homeowners insurance, $216 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 $1,489 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.