Total monthly cost of ownership
Cost to Own a Home in Lakeside City, Texas
A $241,000 home here costs
$2,251per 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 $96,500 a year.
A standard mortgage calculator would have told you $1,314. The real number is $937 higher every month, 71% more than the payment most buyers budget for.
Compare Archer County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lakeside City from a five-year rolling sample, and with about 1,150 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 Archer 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.
Lakeside City against Archer County and Texas
| Measure | Lakeside City | Archer County |
|---|---|---|
| Median home value | $240,500 | $175,300 |
| Median property tax | $4,008 | $2,317 |
| Effective tax rate | 1.667% | 1.322% |
| Median gross rent | $2,059 | $766 |
| Population | 1,150 | 8,734 |
The weather behind that power bill
Lakeside City sits in Archer County, which averages a high of 97.0°F in its hottest month and a low of 30.5°F in its coldest, with 32.46" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,570 cooling and 2,726 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Archer County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Archer County
Talk to someone who works this market
These are Lakeside City 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 Lakeside City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lakeside City I already own here and may sell
Common questions
How much does it cost to own a home in Lakeside City?
A $241,000 home in Lakeside City, Texas costs approximately $2,251 per month with 20% down at 7.24%. That is $1,314 principal and interest, $335 property tax, $159 homeowners insurance, $242 utilities and $201 set aside for maintenance.
What is the property tax rate in Lakeside City?
Lakeside City has an effective property tax rate of 1.667%, based on a median home value of $240,500 and median real estate taxes of $4,008. That is higher than the Archer County average of 1.322%.
What is the average home price in Lakeside City?
The median owner-occupied home value in Lakeside City, Texas is $240,500, against $175,300 across Archer County.
Is it cheaper to rent or buy in Lakeside City?
Median gross rent in Lakeside City is $2,059 a month, against $2,251 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 Lakeside City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lakeside City, Texas at today's rate takes a household income of roughly $96,500 a year. That covers the full $2,251 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lakeside City, 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.