Total monthly cost of ownership
Cost to Own a Home in Wills Point, Texas
A $120,000 home here costs
$1,170per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $617. The real number is $553 higher every month — 90% 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.
Wills Point against Van Zandt County and Texas
| Measure | Wills Point | Van Zandt County |
|---|---|---|
| Median home value | $120,100 | $199,500 |
| Median property tax | $1,897 | $2,204 |
| Effective tax rate | 1.580% | 1.105% |
| Median gross rent | $898 | $1,010 |
| Population | 3,848 | 61,323 |
The weather behind that power bill
Wills Point sits in Van Zandt County, which averages a high of 96.3°F in its hottest month and a low of 35.7°F in its coldest, with 38.42" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,738 cooling and 2,211 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Van Zandt County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Van Zandt County
Full Van Zandt County cost breakdown · Every county in Texas
Common questions
How much does it cost to own a home in Wills Point?
A $120,000 home in Wills Point, Texas costs approximately $1,170 per month with 20% down at 6.66%. That is $617 principal and interest, $158 property tax, $79 homeowners insurance, $216 utilities and $100 set aside for maintenance.
What is the property tax rate in Wills Point?
Wills Point has an effective property tax rate of 1.580%, based on a median home value of $120,100 and median real estate taxes of $1,897. That is higher than the Van Zandt County average of 1.105%.
What is the average home price in Wills Point?
The median owner-occupied home value in Wills Point, Texas is $120,100, against $199,500 across Van Zandt County.
Is it cheaper to rent or buy in Wills Point?
Median gross rent in Wills Point is $898 a month, against $1,170 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 Wills Point — 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.