Total monthly cost of ownership
Cost to Own a Home in Goldthwaite, Texas
A $116,000 home here costs
$1,101per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $596. The real number is $505 higher every month — 85% 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.
Goldthwaite against Mills County and Texas
| Measure | Goldthwaite | Mills County |
|---|---|---|
| Median home value | $115,900 | $200,200 |
| Median property tax | $1,387 | $1,762 |
| Effective tax rate | 1.197% | 0.880% |
| Median gross rent | $714 | $713 |
| Population | 1,733 | 4,499 |
The weather behind that power bill
Goldthwaite sits in Mills County, which averages a high of 93.3°F in its hottest month and a low of 33.0°F in its coldest, with 30.44" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,281 cooling and 2,372 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Mills County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mills County
No other places of this size are published in Mills County.
Common questions
How much does it cost to own a home in Goldthwaite?
A $116,000 home in Goldthwaite, Texas costs approximately $1,101 per month with 20% down at 6.66%. That is $596 principal and interest, $116 property tax, $77 homeowners insurance, $216 utilities and $97 set aside for maintenance.
What is the property tax rate in Goldthwaite?
Goldthwaite has an effective property tax rate of 1.197%, based on a median home value of $115,900 and median real estate taxes of $1,387. That is higher than the Mills County average of 0.880%.
What is the average home price in Goldthwaite?
The median owner-occupied home value in Goldthwaite, Texas is $115,900, against $200,200 across Mills County.
Is it cheaper to rent or buy in Goldthwaite?
Median gross rent in Goldthwaite is $714 a month, against $1,101 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 Goldthwaite — 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.