Total monthly cost of ownership
Cost to Own a Home in Granite Shoals, Texas
A $195,000 home here costs
$1,821per 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 $78,000 a year.
A standard mortgage calculator would have told you $1,063. The real number is $758 higher every month, 71% more than the payment most buyers budget for.
Compare Burnet 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.
Granite Shoals against Burnet County and Texas
| Measure | Granite Shoals | Burnet County |
|---|---|---|
| Median home value | $194,500 | $310,500 |
| Median property tax | $2,680 | $3,495 |
| Effective tax rate | 1.378% | 1.126% |
| Median gross rent | $1,399 | $1,324 |
| Population | 5,247 | 51,064 |
The weather behind that power bill
Granite Shoals sits in Burnet County, which averages a high of 95.8°F in its hottest month and a low of 38.1°F in its coldest, with 28.38" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,788 cooling and 1,845 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Burnet County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Burnet County
Talk to someone who works this market
These are Granite Shoals 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 Granite Shoals every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Granite Shoals I already own here and may sell
Common questions
How much does it cost to own a home in Granite Shoals?
A $195,000 home in Granite Shoals, Texas costs approximately $1,821 per month with 20% down at 7.24%. That is $1,063 principal and interest, $224 property tax, $129 homeowners insurance, $242 utilities and $163 set aside for maintenance.
What is the property tax rate in Granite Shoals?
Granite Shoals has an effective property tax rate of 1.378%, based on a median home value of $194,500 and median real estate taxes of $2,680. That is higher than the Burnet County average of 1.126%.
What is the average home price in Granite Shoals?
The median owner-occupied home value in Granite Shoals, Texas is $194,500, against $310,500 across Burnet County.
Is it cheaper to rent or buy in Granite Shoals?
Median gross rent in Granite Shoals is $1,399 a month, against $1,821 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 Granite Shoals?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Granite Shoals, Texas at today's rate takes a household income of roughly $78,000 a year. That covers the full $1,821 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Granite Shoals, 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.