Total monthly cost of ownership
Cost to Own a Home in Holly Lake Ranch, Texas
A $239,000 home here costs
$2,010per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,229. The real number is $781 higher every month — 64% 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.
Holly Lake Ranch against Wood County and Texas
| Measure | Holly Lake Ranch | Wood County |
|---|---|---|
| Median home value | $239,400 | $195,100 |
| Median property tax | $2,501 | $1,818 |
| Effective tax rate | 1.045% | 0.932% |
| Median gross rent | $1,313 | $851 |
| Population | 2,821 | 46,094 |
The weather behind that power bill
Holly Lake Ranch sits in Wood County, which averages a high of 93.4°F in its hottest month and a low of 34.9°F in its coldest, with 45.14" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,380 cooling and 2,423 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Wood County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wood County
Common questions
How much does it cost to own a home in Holly Lake Ranch?
A $239,000 home in Holly Lake Ranch, Texas costs approximately $2,010 per month with 20% down at 6.66%. That is $1,229 principal and interest, $208 property tax, $158 homeowners insurance, $216 utilities and $199 set aside for maintenance.
What is the property tax rate in Holly Lake Ranch?
Holly Lake Ranch has an effective property tax rate of 1.045%, based on a median home value of $239,400 and median real estate taxes of $2,501. That is higher than the Wood County average of 0.932%.
What is the average home price in Holly Lake Ranch?
The median owner-occupied home value in Holly Lake Ranch, Texas is $239,400, against $195,100 across Wood County.
Is it cheaper to rent or buy in Holly Lake Ranch?
Median gross rent in Holly Lake Ranch is $1,313 a month, against $2,010 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 Holly Lake Ranch — 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.