Total monthly cost of ownership
Cost to Own a Home in Lakehills, Texas
A $242,000 home here costs
$2,115per 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 $90,500 a year.
A standard mortgage calculator would have told you $1,319. The real number is $795 higher every month, 60% more than the payment most buyers budget for.
Compare Bandera County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lakehills against Bandera County and Texas
| Measure | Lakehills | Bandera County |
|---|---|---|
| Median home value | $242,000 | $249,800 |
| Median property tax | $2,293 | $2,347 |
| Effective tax rate | 0.948% | 0.940% |
| Median gross rent | $876 | $998 |
| Population | 5,872 | 21,589 |
The weather behind that power bill
Lakehills sits in Bandera County, which averages a high of 95.5°F in its hottest month and a low of 35.2°F in its coldest, with 36.27" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,516 cooling and 1,909 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Bandera County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bandera County
No other places of this size are published in Bandera County.
Talk to someone who works this market
These are Lakehills 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 Lakehills every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lakehills I already own here and may sell
Common questions
How much does it cost to own a home in Lakehills?
A $242,000 home in Lakehills, Texas costs approximately $2,115 per month with 20% down at 7.24%. That is $1,319 principal and interest, $191 property tax, $160 homeowners insurance, $242 utilities and $202 set aside for maintenance.
What is the property tax rate in Lakehills?
Lakehills has an effective property tax rate of 0.948%, based on a median home value of $242,000 and median real estate taxes of $2,293. That is in line with the Bandera County average of 0.940%.
What is the average home price in Lakehills?
The median owner-occupied home value in Lakehills, Texas is $242,000, against $249,800 across Bandera County.
Is it cheaper to rent or buy in Lakehills?
Median gross rent in Lakehills is $876 a month, against $2,115 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 Lakehills?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lakehills, Texas at today's rate takes a household income of roughly $90,500 a year. That covers the full $2,115 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lakehills, 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.