Total monthly cost of ownership
Cost to Own a Home in Lockhart, Texas
A $218,000 home here costs
$2,058per 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 $88,000 a year.
A standard mortgage calculator would have told you $1,189. The real number is $869 higher every month, 73% more than the payment most buyers budget for.
Compare Caldwell 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.
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 $174 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
Talk to someone who works this market
These are Lockhart 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 Lockhart every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lockhart I already own here and may sell
Common questions
How much does it cost to own a home in Lockhart?
A $218,000 home in Lockhart, Texas costs approximately $2,058 per month with 20% down at 7.24%. That is $1,189 principal and interest, $301 property tax, $144 homeowners insurance, $242 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 $2,058 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 Lockhart?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lockhart, Texas at today's rate takes a household income of roughly $88,000 a year. That covers the full $2,058 monthly cost, not just the mortgage payment.
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.