Total monthly cost of ownership
Cost to Own a Home in Las Lomas, Texas
A $88,000 home here costs
$847per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $452. The real number is $395 higher every month — 87% 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.
Las Lomas against Starr County and Texas
| Measure | Las Lomas | Starr County |
|---|---|---|
| Median home value | $88,200 | $93,300 |
| Median property tax | $570 | $1,047 |
| Effective tax rate | 0.646% | 1.122% |
| Median gross rent | $639 | $715 |
| Population | 1,836 | 65,809 |
The weather behind that power bill
Las Lomas sits in Starr County, which averages a high of 99.4°F in its hottest month and a low of 45.2°F in its coldest, with 22.47" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 4,232 cooling and 796 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Starr County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Starr County
Common questions
How much does it cost to own a home in Las Lomas?
A $88,000 home in Las Lomas, Texas costs approximately $847 per month with 20% down at 6.66%. That is $452 principal and interest, $47 property tax, $58 homeowners insurance, $216 utilities and $73 set aside for maintenance.
What is the property tax rate in Las Lomas?
Las Lomas has an effective property tax rate of 0.646%, based on a median home value of $88,200 and median real estate taxes of $570. That is lower than the Starr County average of 1.122%.
What is the average home price in Las Lomas?
The median owner-occupied home value in Las Lomas, Texas is $88,200, against $93,300 across Starr County.
Is it cheaper to rent or buy in Las Lomas?
Median gross rent in Las Lomas is $639 a month, against $847 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 Las Lomas — 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.