Total monthly cost of ownership
Cost to Own a Home in Lake Brownwood, Texas
A $117,000 home here costs
$1,110per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $601. The real number is $508 higher every month — 85% 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.
Lake Brownwood against Brown County and Texas
| Measure | Lake Brownwood | Brown County |
|---|---|---|
| Median home value | $116,900 | $149,900 |
| Median property tax | $1,411 | $1,727 |
| Effective tax rate | 1.207% | 1.152% |
| Median gross rent | $1,024 | $887 |
| Population | 1,754 | 38,294 |
The weather behind that power bill
Lake Brownwood sits in Brown County, which averages a high of 96.9°F in its hottest month and a low of 31.7°F in its coldest, with 30.64" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,607 cooling and 2,352 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Brown County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Brown County
Common questions
How much does it cost to own a home in Lake Brownwood?
A $117,000 home in Lake Brownwood, Texas costs approximately $1,110 per month with 20% down at 6.66%. That is $601 principal and interest, $118 property tax, $77 homeowners insurance, $216 utilities and $98 set aside for maintenance.
What is the property tax rate in Lake Brownwood?
Lake Brownwood has an effective property tax rate of 1.207%, based on a median home value of $116,900 and median real estate taxes of $1,411. That is higher than the Brown County average of 1.152%.
What is the average home price in Lake Brownwood?
The median owner-occupied home value in Lake Brownwood, Texas is $116,900, against $149,900 across Brown County.
Is it cheaper to rent or buy in Lake Brownwood?
Median gross rent in Lake Brownwood is $1,024 a month, against $1,110 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 Lake Brownwood — 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.