Total monthly cost of ownership
Cost to Own a Home in Lake Medina Shores, Texas
A $159,000 home here costs
$1,341per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $524 higher every month — 64% 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 Medina Shores against Medina County and Texas
| Measure | Lake Medina Shores | Medina County |
|---|---|---|
| Median home value | $158,700 | $220,000 |
| Median property tax | $843 | $2,881 |
| Effective tax rate | 0.531% | 1.310% |
| Median gross rent | $2,051 | $1,091 |
| Population | 1,198 | 52,419 |
Lake Medina Shores extends across 2 counties. Figures here use Medina County, where most of its housing sits.
The weather behind that power bill
Lake Medina Shores sits in Medina County, which averages a high of 97.2°F in its hottest month and a low of 38.7°F in its coldest, with 24.91" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 3,147 cooling and 1,454 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Medina County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Medina County
Common questions
How much does it cost to own a home in Lake Medina Shores?
A $159,000 home in Lake Medina Shores, Texas costs approximately $1,341 per month with 20% down at 6.66%. That is $817 principal and interest, $70 property tax, $105 homeowners insurance, $216 utilities and $133 set aside for maintenance.
What is the property tax rate in Lake Medina Shores?
Lake Medina Shores has an effective property tax rate of 0.531%, based on a median home value of $158,700 and median real estate taxes of $843. That is lower than the Medina County average of 1.310%.
What is the average home price in Lake Medina Shores?
The median owner-occupied home value in Lake Medina Shores, Texas is $158,700, against $220,000 across Medina County.
Is it cheaper to rent or buy in Lake Medina Shores?
Median gross rent in Lake Medina Shores is $2,051 a month, against $1,341 to own the median home all in. Owning 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 Medina Shores — 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.