Total monthly cost of ownership
Cost to Own a Home in La Grange, Texas
A $320,000 home here costs
$2,640per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,645. The real number is $995 higher every month — 60% 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.
La Grange against Fayette County and Texas
| Measure | La Grange | Fayette County |
|---|---|---|
| Median home value | $320,000 | $271,100 |
| Median property tax | $3,614 | $2,734 |
| Effective tax rate | 1.129% | 1.008% |
| Median gross rent | $698 | $909 |
| Population | 4,448 | 24,783 |
The weather behind that power bill
La Grange sits in Fayette County, which averages a high of 97.4°F in its hottest month and a low of 39.8°F in its coldest, with 39.63" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 3,092 cooling and 1,619 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Fayette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fayette County
Common questions
How much does it cost to own a home in La Grange?
A $320,000 home in La Grange, Texas costs approximately $2,640 per month with 20% down at 6.66%. That is $1,645 principal and interest, $301 property tax, $212 homeowners insurance, $216 utilities and $267 set aside for maintenance.
What is the property tax rate in La Grange?
La Grange has an effective property tax rate of 1.129%, based on a median home value of $320,000 and median real estate taxes of $3,614. That is higher than the Fayette County average of 1.008%.
What is the average home price in La Grange?
The median owner-occupied home value in La Grange, Texas is $320,000, against $271,100 across Fayette County.
Is it cheaper to rent or buy in La Grange?
Median gross rent in La Grange is $698 a month, against $2,640 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 La Grange — 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.