Total monthly cost of ownership
Cost to Own a Home in Redwood, Texas
A $155,000 home here costs
$1,386per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $797. The real number is $589 higher every month — 74% 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.
Redwood against Guadalupe County and Texas
| Measure | Redwood | Guadalupe County |
|---|---|---|
| Median home value | $154,900 | $285,900 |
| Median property tax | $1,698 | $4,270 |
| Effective tax rate | 1.096% | 1.494% |
| Median gross rent | $1,042 | $1,439 |
| Population | 3,586 | 178,368 |
The weather behind that power bill
Redwood sits in Guadalupe County, which averages a high of 97.5°F in its hottest month and a low of 40.3°F in its coldest, with 31.27" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 3,144 cooling and 1,446 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Guadalupe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Guadalupe County
Full Guadalupe County cost breakdown · Every county in Texas
Common questions
How much does it cost to own a home in Redwood?
A $155,000 home in Redwood, Texas costs approximately $1,386 per month with 20% down at 6.66%. That is $797 principal and interest, $142 property tax, $103 homeowners insurance, $216 utilities and $129 set aside for maintenance.
What is the property tax rate in Redwood?
Redwood has an effective property tax rate of 1.096%, based on a median home value of $154,900 and median real estate taxes of $1,698. That is lower than the Guadalupe County average of 1.494%.
What is the average home price in Redwood?
The median owner-occupied home value in Redwood, Texas is $154,900, against $285,900 across Guadalupe County.
Is it cheaper to rent or buy in Redwood?
Median gross rent in Redwood is $1,042 a month, against $1,386 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 Redwood — 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.