Total monthly cost of ownership
Cost to Own a Home in Oak Trail Shores, Texas
A $78,000 home here costs
$830per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $401. The real number is $429 higher every month — 107% 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 Trail Shores against Hood County and Texas
| Measure | Oak Trail Shores | Hood County |
|---|---|---|
| Median home value | $77,600 | $281,300 |
| Median property tax | $1,151 | $3,240 |
| Effective tax rate | 1.483% | 1.152% |
| Median gross rent | $1,364 | $1,414 |
| Population | 2,900 | 64,198 |
The weather behind that power bill
Oak Trail Shores sits in Hood County, which averages a high of 96.5°F in its hottest month and a low of 30.8°F in its coldest, with 35.22" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,559 cooling and 2,598 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Hood County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hood County
Common questions
How much does it cost to own a home in Oak Trail Shores?
A $78,000 home in Oak Trail Shores, Texas costs approximately $830 per month with 20% down at 6.66%. That is $401 principal and interest, $96 property tax, $52 homeowners insurance, $216 utilities and $65 set aside for maintenance.
What is the property tax rate in Oak Trail Shores?
Oak Trail Shores has an effective property tax rate of 1.483%, based on a median home value of $77,600 and median real estate taxes of $1,151. That is higher than the Hood County average of 1.152%.
What is the average home price in Oak Trail Shores?
The median owner-occupied home value in Oak Trail Shores, Texas is $77,600, against $281,300 across Hood County.
Is it cheaper to rent or buy in Oak Trail Shores?
Median gross rent in Oak Trail Shores is $1,364 a month, against $830 to own the median home all in. Owning 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 Trail Shores — 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.