Total monthly cost of ownership
Cost to Own a Home in Lockhart, Texas
A $218,000 home here costs
$1,963per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,121. The real number is $843 higher every month — 75% 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.
Lockhart against Caldwell County and Texas
| Measure | Lockhart | Caldwell County |
|---|---|---|
| Median home value | $218,400 | $215,600 |
| Median property tax | $3,619 | $2,871 |
| Effective tax rate | 1.657% | 1.332% |
| Median gross rent | $1,161 | $1,145 |
| Population | 14,708 | 47,184 |
The weather behind that power bill
Lockhart sits in Caldwell County, which averages a high of 98.2°F in its hottest month and a low of 39.6°F in its coldest, with 35.39" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 3,192 cooling and 1,547 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Caldwell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Caldwell County
Common questions
How much does it cost to own a home in Lockhart?
A $218,000 home in Lockhart, Texas costs approximately $1,963 per month with 20% down at 6.66%. That is $1,121 principal and interest, $301 property tax, $144 homeowners insurance, $216 utilities and $182 set aside for maintenance.
What is the property tax rate in Lockhart?
Lockhart has an effective property tax rate of 1.657%, based on a median home value of $218,400 and median real estate taxes of $3,619. That is higher than the Caldwell County average of 1.332%.
What is the average home price in Lockhart?
The median owner-occupied home value in Lockhart, Texas is $218,400, against $215,600 across Caldwell County.
Is it cheaper to rent or buy in Lockhart?
Median gross rent in Lockhart is $1,161 a month, against $1,963 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 Lockhart — 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.