Total monthly cost of ownership
Cost to Own a Home in Lake Kiowa, Texas
A $468,000 home here costs
$4,035per 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 $173,000 a year.
A standard mortgage calculator would have told you $2,552. The real number is $1,484 higher every month, 58% more than the payment most buyers budget for.
Compare Cooke County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lake Kiowa from a five-year rolling sample, and with about 2,496 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 Cooke 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 Kiowa against Cooke County and Texas
| Measure | Lake Kiowa | Cooke County |
|---|---|---|
| Median home value | $467,500 | $224,600 |
| Median property tax | $6,495 | $2,794 |
| Effective tax rate | 1.389% | 1.244% |
| Median gross rent | — | $1,088 |
| Population | 2,496 | 42,473 |
The weather behind that power bill
Lake Kiowa sits in Cooke County, which averages a high of 94.3°F in its hottest month and a low of 31.7°F in its coldest, with 42.75" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,259 cooling and 2,886 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Cooke County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cooke County
Talk to someone who works this market
These are Lake Kiowa 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 Kiowa every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lake Kiowa I already own here and may sell
Common questions
How much does it cost to own a home in Lake Kiowa?
A $468,000 home in Lake Kiowa, Texas costs approximately $4,035 per month with 20% down at 7.24%. That is $2,552 principal and interest, $542 property tax, $310 homeowners insurance, $242 utilities and $390 set aside for maintenance.
What is the property tax rate in Lake Kiowa?
Lake Kiowa has an effective property tax rate of 1.389%, based on a median home value of $467,500 and median real estate taxes of $6,495. That is higher than the Cooke County average of 1.244%.
What is the average home price in Lake Kiowa?
The median owner-occupied home value in Lake Kiowa, Texas is $467,500, against $224,600 across Cooke County.
Is it cheaper to rent or buy in Lake Kiowa?
Rent data is not published for Lake Kiowa at this level of detail.
What salary do you need to buy a home in Lake Kiowa?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lake Kiowa, Texas at today's rate takes a household income of roughly $173,000 a year. That covers the full $4,035 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake Kiowa, 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.