Total monthly cost of ownership
Cost to Own a Home in New Waverly, Texas
A $188,000 home here costs
$1,654per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $967. The real number is $688 higher every month — 71% 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 Waverly against Walker County and Texas
| Measure | New Waverly | Walker County |
|---|---|---|
| Median home value | $188,000 | $207,900 |
| Median property tax | $2,294 | $2,312 |
| Effective tax rate | 1.220% | 1.112% |
| Median gross rent | $1,049 | $986 |
| Population | 1,311 | 78,292 |
The weather behind that power bill
New Waverly sits in Walker County, which averages a high of 95.2°F in its hottest month and a low of 41.2°F in its coldest, with 43.65" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 3,014 cooling and 1,637 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Walker County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walker County
Common questions
How much does it cost to own a home in New Waverly?
A $188,000 home in New Waverly, Texas costs approximately $1,654 per month with 20% down at 6.66%. That is $967 principal and interest, $191 property tax, $124 homeowners insurance, $216 utilities and $157 set aside for maintenance.
What is the property tax rate in New Waverly?
New Waverly has an effective property tax rate of 1.220%, based on a median home value of $188,000 and median real estate taxes of $2,294. That is higher than the Walker County average of 1.112%.
What is the average home price in New Waverly?
The median owner-occupied home value in New Waverly, Texas is $188,000, against $207,900 across Walker County.
Is it cheaper to rent or buy in New Waverly?
Median gross rent in New Waverly is $1,049 a month, against $1,654 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 Waverly — 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.