Total monthly cost of ownership
Cost to Own a Home in Lake Kiowa, Texas
A $468,000 home here costs
$3,863per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,406. The real number is $1,457 higher every month — 61% 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 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 $148 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
Common questions
How much does it cost to own a home in Lake Kiowa?
A $468,000 home in Lake Kiowa, Texas costs approximately $3,863 per month with 20% down at 6.66%. That is $2,406 principal and interest, $542 property tax, $310 homeowners insurance, $216 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.
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.