Total monthly cost of ownership
Cost to Own a Home in Joshua, Texas
A $271,000 home here costs
$2,551per 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 $109,500 a year.
A standard mortgage calculator would have told you $1,477. The real number is $1,073 higher every month, 73% more than the payment most buyers budget for.
Compare Johnson County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Joshua against Johnson County and Texas
| Measure | Joshua | Johnson County |
|---|---|---|
| Median home value | $271,000 | $254,600 |
| Median property tax | $5,108 | $3,259 |
| Effective tax rate | 1.885% | 1.280% |
| Median gross rent | $1,286 | $1,343 |
| Population | 8,279 | 188,820 |
The weather behind that power bill
Joshua sits in Johnson County, which averages a high of 95.3°F in its hottest month and a low of 33.3°F in its coldest, with 37.69" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,484 cooling and 2,442 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Johnson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Johnson County
Talk to someone who works this market
These are Joshua 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 Joshua every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Joshua I already own here and may sell
Common questions
How much does it cost to own a home in Joshua?
A $271,000 home in Joshua, Texas costs approximately $2,551 per month with 20% down at 7.24%. That is $1,477 principal and interest, $426 property tax, $179 homeowners insurance, $242 utilities and $226 set aside for maintenance.
What is the property tax rate in Joshua?
Joshua has an effective property tax rate of 1.885%, based on a median home value of $271,000 and median real estate taxes of $5,108. That is higher than the Johnson County average of 1.280%.
What is the average home price in Joshua?
The median owner-occupied home value in Joshua, Texas is $271,000, against $254,600 across Johnson County.
Is it cheaper to rent or buy in Joshua?
Median gross rent in Joshua is $1,286 a month, against $2,551 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 Joshua?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Joshua, Texas at today's rate takes a household income of roughly $109,500 a year. That covers the full $2,551 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Joshua, 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.