Total monthly cost of ownership
Cost to Own a Home in Grape Creek, Texas
A $109,000 home here costs
$1,103per 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 $47,500 a year.
A standard mortgage calculator would have told you $594. The real number is $509 higher every month, 86% more than the payment most buyers budget for.
Compare Tom Green County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Grape Creek from a five-year rolling sample, and with about 4,214 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Tom Green County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Grape Creek against Tom Green County and Texas
| Measure | Grape Creek | Tom Green County |
|---|---|---|
| Median home value | $109,000 | $186,700 |
| Median property tax | $1,242 | $2,523 |
| Effective tax rate | 1.139% | 1.351% |
| Median gross rent | $1,096 | $1,125 |
| Population | 4,214 | 119,398 |
The weather behind that power bill
Grape Creek sits in Tom Green County, which averages a high of 97.4°F in its hottest month and a low of 33.7°F in its coldest, with 20.93" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,786 cooling and 2,130 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Tom Green County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tom Green County
Full Tom Green County cost breakdown · Every county in Texas
Talk to someone who works this market
These are Grape Creek 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 Grape Creek every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Grape Creek I already own here and may sell
Common questions
How much does it cost to own a home in Grape Creek?
A $109,000 home in Grape Creek, Texas costs approximately $1,103 per month with 20% down at 7.24%. That is $594 principal and interest, $103 property tax, $72 homeowners insurance, $242 utilities and $91 set aside for maintenance.
What is the property tax rate in Grape Creek?
Grape Creek has an effective property tax rate of 1.139%, based on a median home value of $109,000 and median real estate taxes of $1,242. That is lower than the Tom Green County average of 1.351%.
What is the average home price in Grape Creek?
The median owner-occupied home value in Grape Creek, Texas is $109,000, against $186,700 across Tom Green County.
Is it cheaper to rent or buy in Grape Creek?
Median gross rent in Grape Creek is $1,096 a month, against $1,103 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 Grape Creek?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Grape Creek, Texas at today's rate takes a household income of roughly $47,500 a year. That covers the full $1,103 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Grape Creek, 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.