Total monthly cost of ownership
Cost to Own a Home in New Boston, Texas
A $99,000 home here costs
$995per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $509. The real number is $486 higher every month — 96% 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.
New Boston against Bowie County and Texas
| Measure | New Boston | Bowie County |
|---|---|---|
| Median home value | $99,000 | $161,300 |
| Median property tax | $1,469 | $2,091 |
| Effective tax rate | 1.484% | 1.296% |
| Median gross rent | $746 | $966 |
| Population | 4,593 | 92,321 |
The weather behind that power bill
New Boston sits in Bowie County, which averages a high of 94.2°F in its hottest month and a low of 31.6°F in its coldest, with 52.82" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,115 cooling and 2,767 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Bowie County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bowie County
Common questions
How much does it cost to own a home in New Boston?
A $99,000 home in New Boston, Texas costs approximately $995 per month with 20% down at 6.66%. That is $509 principal and interest, $122 property tax, $66 homeowners insurance, $216 utilities and $83 set aside for maintenance.
What is the property tax rate in New Boston?
New Boston has an effective property tax rate of 1.484%, based on a median home value of $99,000 and median real estate taxes of $1,469. That is higher than the Bowie County average of 1.296%.
What is the average home price in New Boston?
The median owner-occupied home value in New Boston, Texas is $99,000, against $161,300 across Bowie County.
Is it cheaper to rent or buy in New Boston?
Median gross rent in New Boston is $746 a month, against $995 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 New Boston — 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.