Total monthly cost of ownership
Cost to Own a Home in Horseshoe Bay, Texas
A $489,000 home here costs
$4,042per 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 $173,000 a year.
A standard mortgage calculator would have told you $2,666. The real number is $1,376 higher every month, 52% more than the payment most buyers budget for.
Compare Burnet County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Horseshoe Bay from a five-year rolling sample, and with about 4,534 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 Burnet 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.
Horseshoe Bay against Burnet County and Texas
| Measure | Horseshoe Bay | Burnet County |
|---|---|---|
| Median home value | $489,100 | $310,500 |
| Median property tax | $4,834 | $3,495 |
| Effective tax rate | 0.988% | 1.126% |
| Median gross rent | $1,575 | $1,324 |
| Population | 4,534 | 51,064 |
Horseshoe Bay extends across 2 counties. Figures here use Burnet County, where most of its housing sits.
The weather behind that power bill
Horseshoe Bay 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 Horseshoe Bay 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 Horseshoe Bay every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Horseshoe Bay?
A $489,000 home in Horseshoe Bay, Texas costs approximately $4,042 per month with 20% down at 7.24%. That is $2,666 principal and interest, $403 property tax, $324 homeowners insurance, $242 utilities and $408 set aside for maintenance.
What is the property tax rate in Horseshoe Bay?
Horseshoe Bay has an effective property tax rate of 0.988%, based on a median home value of $489,100 and median real estate taxes of $4,834. That is lower than the Burnet County average of 1.126%.
What is the average home price in Horseshoe Bay?
The median owner-occupied home value in Horseshoe Bay, Texas is $489,100, against $310,500 across Burnet County.
Is it cheaper to rent or buy in Horseshoe Bay?
Median gross rent in Horseshoe Bay is $1,575 a month, against $4,042 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 Horseshoe Bay?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Horseshoe Bay, Texas at today's rate takes a household income of roughly $173,000 a year. That covers the full $4,042 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Horseshoe Bay, 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.