Total monthly cost of ownership
Cost to Own a Home in Potosi, Texas
A $298,000 home here costs
$2,471per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,532. The real number is $939 higher every month — 61% 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.
Potosi against Taylor County and Texas
| Measure | Potosi | Taylor County |
|---|---|---|
| Median home value | $298,000 | $190,300 |
| Median property tax | $3,328 | $2,670 |
| Effective tax rate | 1.117% | 1.403% |
| Median gross rent | $1,438 | $1,111 |
| Population | 4,524 | 144,259 |
The weather behind that power bill
Potosi sits in Taylor County, which averages a high of 96.4°F in its hottest month and a low of 33.7°F in its coldest, with 25.24" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,696 cooling and 2,320 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Taylor County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Taylor County
Common questions
How much does it cost to own a home in Potosi?
A $298,000 home in Potosi, Texas costs approximately $2,471 per month with 20% down at 6.66%. That is $1,532 principal and interest, $277 property tax, $197 homeowners insurance, $216 utilities and $248 set aside for maintenance.
What is the property tax rate in Potosi?
Potosi has an effective property tax rate of 1.117%, based on a median home value of $298,000 and median real estate taxes of $3,328. That is lower than the Taylor County average of 1.403%.
What is the average home price in Potosi?
The median owner-occupied home value in Potosi, Texas is $298,000, against $190,300 across Taylor County.
Is it cheaper to rent or buy in Potosi?
Median gross rent in Potosi is $1,438 a month, against $2,471 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 Potosi — 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.