Total monthly cost of ownership
Cost to Own a Home in Willow Grove, Texas
A $241,000 home here costs
$2,192per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $94,000 a year.
A standard mortgage calculator would have told you $1,335. The real number is $857 higher every month, 64% more than the payment most buyers budget for.
Compare McLennan County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Willow Grove from a five-year rolling sample, and with about 2,333 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The McLennan County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Willow Grove against McLennan County and Texas
| Measure | Willow Grove | McLennan County |
|---|---|---|
| Median home value | $240,900 | $219,200 |
| Median property tax | $3,057 | $3,347 |
| Effective tax rate | 1.269% | 1.527% |
| Median gross rent | — | $1,106 |
| Population | 2,333 | 263,608 |
The weather behind that power bill
Willow Grove sits in McLennan County, which averages a high of 97.1°F in its hottest month and a low of 35.8°F in its coldest, with 36.4" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,868 cooling and 2,080 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for McLennan County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McLennan County
Talk to someone who works this market
These are Willow Grove averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Willow Grove every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Willow Grove I already own here and may sell
Common questions
How much does it cost to own a home in Willow Grove?
A $241,000 home in Willow Grove, Texas costs approximately $2,192 per month with 20% down at 7.4%. That is $1,335 principal and interest, $255 property tax, $159 homeowners insurance, $242 utilities and $201 set aside for maintenance.
What is the property tax rate in Willow Grove?
Willow Grove has an effective property tax rate of 1.269%, based on a median home value of $240,900 and median real estate taxes of $3,057. That is lower than the McLennan County average of 1.527%.
What is the average home price in Willow Grove?
The median owner-occupied home value in Willow Grove, Texas is $240,900, against $219,200 across McLennan County.
Is it cheaper to rent or buy in Willow Grove?
Rent data is not published for Willow Grove at this level of detail.
What salary do you need to buy a home in Willow Grove?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Willow Grove, Texas at today's rate takes a household income of roughly $94,000 a year. That covers the full $2,192 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Willow Grove, 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.