Total monthly cost of ownership
Cost to Own a Home in Horseshoe Bay, Texas
A $489,000 home here costs
$3,863per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,514. The real number is $1,349 higher every month — 54% 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.
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 $148 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
Common questions
How much does it cost to own a home in Horseshoe Bay?
A $489,000 home in Horseshoe Bay, Texas costs approximately $3,863 per month with 20% down at 6.66%. That is $2,514 principal and interest, $403 property tax, $324 homeowners insurance, $216 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 $3,863 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 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.