Total monthly cost of ownership
Cost to Own a Home in Lone Star, Texas
A $136,000 home here costs
$1,237per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $699. The real number is $538 higher every month — 77% 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.
Lone Star against Morris County and Texas
| Measure | Lone Star | Morris County |
|---|---|---|
| Median home value | $136,100 | $110,200 |
| Median property tax | $1,425 | $1,298 |
| Effective tax rate | 1.047% | 1.178% |
| Median gross rent | $906 | $824 |
| Population | 1,924 | 12,014 |
The weather behind that power bill
Lone Star sits in Morris County, which averages a high of 93.2°F in its hottest month and a low of 35.0°F in its coldest, with 47.08" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,414 cooling and 2,501 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Morris County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morris County
Common questions
How much does it cost to own a home in Lone Star?
A $136,000 home in Lone Star, Texas costs approximately $1,237 per month with 20% down at 6.66%. That is $699 principal and interest, $119 property tax, $90 homeowners insurance, $216 utilities and $113 set aside for maintenance.
What is the property tax rate in Lone Star?
Lone Star has an effective property tax rate of 1.047%, based on a median home value of $136,100 and median real estate taxes of $1,425. That is lower than the Morris County average of 1.178%.
What is the average home price in Lone Star?
The median owner-occupied home value in Lone Star, Texas is $136,100, against $110,200 across Morris County.
Is it cheaper to rent or buy in Lone Star?
Median gross rent in Lone Star is $906 a month, against $1,237 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 Lone Star — 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.