Total monthly cost of ownership
Cost to Own a Home in Joshua, Texas
A $271,000 home here costs
$2,440per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,393. The real number is $1,047 higher every month — 75% 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.
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 $148 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
Common questions
How much does it cost to own a home in Joshua?
A $271,000 home in Joshua, Texas costs approximately $2,440 per month with 20% down at 6.66%. That is $1,393 principal and interest, $426 property tax, $179 homeowners insurance, $216 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 $2,440 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 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.