Total monthly cost of ownership
Cost to Own a Home in Groesbeck, Texas
A $144,000 home here costs
$1,366per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $740. The real number is $626 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.
Groesbeck against Limestone County and Texas
| Measure | Groesbeck | Limestone County |
|---|---|---|
| Median home value | $144,100 | $154,400 |
| Median property tax | $2,338 | $1,833 |
| Effective tax rate | 1.622% | 1.187% |
| Median gross rent | $826 | $835 |
| Population | 3,634 | 22,185 |
The weather behind that power bill
Groesbeck sits in Limestone County, which averages a high of 96.0°F in its hottest month and a low of 37.5°F in its coldest, with 39.33" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,772 cooling and 2,021 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Limestone County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Limestone County
Full Limestone County cost breakdown · Every county in Texas
Common questions
How much does it cost to own a home in Groesbeck?
A $144,000 home in Groesbeck, Texas costs approximately $1,366 per month with 20% down at 6.66%. That is $740 principal and interest, $195 property tax, $95 homeowners insurance, $216 utilities and $120 set aside for maintenance.
What is the property tax rate in Groesbeck?
Groesbeck has an effective property tax rate of 1.622%, based on a median home value of $144,100 and median real estate taxes of $2,338. That is higher than the Limestone County average of 1.187%.
What is the average home price in Groesbeck?
The median owner-occupied home value in Groesbeck, Texas is $144,100, against $154,400 across Limestone County.
Is it cheaper to rent or buy in Groesbeck?
Median gross rent in Groesbeck is $826 a month, against $1,366 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 Groesbeck — 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.