Total monthly cost of ownership
Cost to Own a Home in Lampasas, Texas
A $197,000 home here costs
$1,765per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,013. The real number is $752 higher every month — 74% 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.
Lampasas against Lampasas County and Texas
| Measure | Lampasas | Lampasas County |
|---|---|---|
| Median home value | $197,000 | $236,000 |
| Median property tax | $2,900 | $2,993 |
| Effective tax rate | 1.472% | 1.268% |
| Median gross rent | $867 | $961 |
| Population | 7,506 | 22,267 |
The weather behind that power bill
Lampasas sits in Lampasas County, which averages a high of 96.7°F in its hottest month and a low of 33.7°F in its coldest, with 32.17" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,622 cooling and 2,212 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Lampasas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lampasas County
Common questions
How much does it cost to own a home in Lampasas?
A $197,000 home in Lampasas, Texas costs approximately $1,765 per month with 20% down at 6.66%. That is $1,013 principal and interest, $242 property tax, $130 homeowners insurance, $216 utilities and $164 set aside for maintenance.
What is the property tax rate in Lampasas?
Lampasas has an effective property tax rate of 1.472%, based on a median home value of $197,000 and median real estate taxes of $2,900. That is higher than the Lampasas County average of 1.268%.
What is the average home price in Lampasas?
The median owner-occupied home value in Lampasas, Texas is $197,000, against $236,000 across Lampasas County.
Is it cheaper to rent or buy in Lampasas?
Median gross rent in Lampasas is $867 a month, against $1,765 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lampasas — 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.