Total monthly cost of ownership
Cost to Own a Home in Texarkana, Texas
A $160,000 home here costs
$1,466per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $823. The real number is $644 higher every month — 78% 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.
Texarkana against Bowie County and Texas
| Measure | Texarkana | Bowie County |
|---|---|---|
| Median home value | $159,700 | $161,300 |
| Median property tax | $2,258 | $2,091 |
| Effective tax rate | 1.414% | 1.296% |
| Median gross rent | $990 | $966 |
| Population | 36,039 | 92,321 |
The weather behind that power bill
Texarkana sits in Bowie County, which averages a high of 94.2°F in its hottest month and a low of 31.6°F in its coldest, with 52.82" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,115 cooling and 2,767 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Bowie County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bowie County
Common questions
How much does it cost to own a home in Texarkana?
A $160,000 home in Texarkana, Texas costs approximately $1,466 per month with 20% down at 6.66%. That is $823 principal and interest, $189 property tax, $106 homeowners insurance, $216 utilities and $133 set aside for maintenance.
What is the property tax rate in Texarkana?
Texarkana has an effective property tax rate of 1.414%, based on a median home value of $159,700 and median real estate taxes of $2,258. That is higher than the Bowie County average of 1.296%.
What is the average home price in Texarkana?
The median owner-occupied home value in Texarkana, Texas is $159,700, against $161,300 across Bowie County.
Is it cheaper to rent or buy in Texarkana?
Median gross rent in Texarkana is $990 a month, against $1,466 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 Texarkana — 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.