Total monthly cost of ownership
Cost to Own a Home in Tolar, Texas
A $196,000 home here costs
$1,775per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,008. The real number is $767 higher every month — 76% 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.
Tolar against Hood County and Texas
| Measure | Tolar | Hood County |
|---|---|---|
| Median home value | $195,800 | $281,300 |
| Median property tax | $3,095 | $3,240 |
| Effective tax rate | 1.581% | 1.152% |
| Median gross rent | $1,679 | $1,414 |
| Population | 1,461 | 64,198 |
The weather behind that power bill
Tolar 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 Tolar?
A $196,000 home in Tolar, Texas costs approximately $1,775 per month with 20% down at 6.66%. That is $1,008 principal and interest, $258 property tax, $130 homeowners insurance, $216 utilities and $163 set aside for maintenance.
What is the property tax rate in Tolar?
Tolar has an effective property tax rate of 1.581%, based on a median home value of $195,800 and median real estate taxes of $3,095. That is higher than the Hood County average of 1.152%.
What is the average home price in Tolar?
The median owner-occupied home value in Tolar, Texas is $195,800, against $281,300 across Hood County.
Is it cheaper to rent or buy in Tolar?
Median gross rent in Tolar is $1,679 a month, against $1,775 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 Tolar — 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.