Total monthly cost of ownership
Cost to Own a Home in Smithville, Texas
A $256,000 home here costs
$2,227per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,316. The real number is $911 higher every month — 69% 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.
Smithville against Bastrop County and Texas
| Measure | Smithville | Bastrop County |
|---|---|---|
| Median home value | $255,600 | $269,500 |
| Median property tax | $3,748 | $4,077 |
| Effective tax rate | 1.466% | 1.513% |
| Median gross rent | $799 | $1,342 |
| Population | 4,032 | 102,370 |
The weather behind that power bill
Smithville sits in Bastrop County, which averages a high of 97.0°F in its hottest month and a low of 38.6°F in its coldest, with 37.12" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,999 cooling and 1,691 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Bastrop County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bastrop County
Common questions
How much does it cost to own a home in Smithville?
A $256,000 home in Smithville, Texas costs approximately $2,227 per month with 20% down at 6.66%. That is $1,316 principal and interest, $313 property tax, $169 homeowners insurance, $216 utilities and $213 set aside for maintenance.
What is the property tax rate in Smithville?
Smithville has an effective property tax rate of 1.466%, based on a median home value of $255,600 and median real estate taxes of $3,748. That is lower than the Bastrop County average of 1.513%.
What is the average home price in Smithville?
The median owner-occupied home value in Smithville, Texas is $255,600, against $269,500 across Bastrop County.
Is it cheaper to rent or buy in Smithville?
Median gross rent in Smithville is $799 a month, against $2,227 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 Smithville — 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.