Total monthly cost of ownership
Cost to Own a Home in Morgan's Point Resort, Texas
A $200,000 home here costs
$1,873per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,028. The real number is $845 higher every month — 82% 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.
Morgan's Point Resort against Bell County and Texas
| Measure | Morgan's Point Resort | Bell County |
|---|---|---|
| Median home value | $199,800 | $221,100 |
| Median property tax | $3,963 | $3,409 |
| Effective tax rate | 1.983% | 1.542% |
| Median gross rent | $1,566 | $1,168 |
| Population | 4,709 | 379,811 |
The weather behind that power bill
Morgan's Point Resort sits in Bell County, which averages a high of 96.0°F in its hottest month and a low of 35.7°F in its coldest, with 36.97" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,630 cooling and 2,032 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Bell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bell County
Common questions
How much does it cost to own a home in Morgan's Point Resort?
A $200,000 home in Morgan's Point Resort, Texas costs approximately $1,873 per month with 20% down at 6.66%. That is $1,028 principal and interest, $331 property tax, $132 homeowners insurance, $216 utilities and $167 set aside for maintenance.
What is the property tax rate in Morgan's Point Resort?
Morgan's Point Resort has an effective property tax rate of 1.983%, based on a median home value of $199,800 and median real estate taxes of $3,963. That is higher than the Bell County average of 1.542%.
What is the average home price in Morgan's Point Resort?
The median owner-occupied home value in Morgan's Point Resort, Texas is $199,800, against $221,100 across Bell County.
Is it cheaper to rent or buy in Morgan's Point Resort?
Median gross rent in Morgan's Point Resort is $1,566 a month, against $1,873 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 Morgan's Point Resort — 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.