Total monthly cost of ownership
Cost to Own a Home in Lake Brownwood, Texas
A $117,000 home here costs
$1,173per 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 $50,500 a year.
A standard mortgage calculator would have told you $638. The real number is $535 higher every month, 84% more than the payment most buyers budget for.
Compare Brown County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lake Brownwood from a five-year rolling sample, and with about 1,754 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Brown County figures are drawn from a far larger sample if you want a steadier number.
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 $174 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
Talk to someone who works this market
These are Lake Brownwood 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 Lake Brownwood every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lake Brownwood I already own here and may sell
Common questions
How much does it cost to own a home in Lake Brownwood?
A $117,000 home in Lake Brownwood, Texas costs approximately $1,173 per month with 20% down at 7.24%. That is $638 principal and interest, $118 property tax, $77 homeowners insurance, $242 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 $1,173 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 Lake Brownwood?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lake Brownwood, Texas at today's rate takes a household income of roughly $50,500 a year. That covers the full $1,173 monthly cost, not just the mortgage payment.
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.