Total monthly cost of ownership
Cost to Own a Home in Oak Point, Texas
A $368,000 home here costs
$3,217per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,892. The real number is $1,325 higher every month — 70% 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.
Oak Point against Denton County and Texas
| Measure | Oak Point | Denton County |
|---|---|---|
| Median home value | $368,000 | $403,400 |
| Median property tax | $6,704 | $6,943 |
| Effective tax rate | 1.822% | 1.721% |
| Median gross rent | $2,215 | $1,642 |
| Population | 5,395 | 945,644 |
The weather behind that power bill
Oak Point sits in Denton County, which averages a high of 95.9°F in its hottest month and a low of 34.1°F in its coldest, with 38.44" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,646 cooling and 2,477 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Denton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Denton County
Common questions
How much does it cost to own a home in Oak Point?
A $368,000 home in Oak Point, Texas costs approximately $3,217 per month with 20% down at 6.66%. That is $1,892 principal and interest, $559 property tax, $243 homeowners insurance, $216 utilities and $307 set aside for maintenance.
What is the property tax rate in Oak Point?
Oak Point has an effective property tax rate of 1.822%, based on a median home value of $368,000 and median real estate taxes of $6,704. That is higher than the Denton County average of 1.721%.
What is the average home price in Oak Point?
The median owner-occupied home value in Oak Point, Texas is $368,000, against $403,400 across Denton County.
Is it cheaper to rent or buy in Oak Point?
Median gross rent in Oak Point is $2,215 a month, against $3,217 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 Oak Point — 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.