Total monthly cost of ownership
Cost to Own a Home in Caddo Mills, Texas
A $247,000 home here costs
$2,226per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $95,500 a year.
A standard mortgage calculator would have told you $1,347. The real number is $880 higher every month, 65% more than the payment most buyers budget for.
Compare Hunt County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Caddo Mills from a five-year rolling sample, and with about 2,589 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 Hunt 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.
Caddo Mills against Hunt County and Texas
| Measure | Caddo Mills | Hunt County |
|---|---|---|
| Median home value | $247,400 | $210,900 |
| Median property tax | $3,221 | $2,736 |
| Effective tax rate | 1.302% | 1.297% |
| Median gross rent | $1,103 | $1,184 |
| Population | 2,589 | 104,917 |
The weather behind that power bill
Caddo Mills sits in Hunt County, which averages a high of 98.3°F in its hottest month and a low of 33.3°F in its coldest, with 47.01" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,755 cooling and 2,365 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Hunt County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hunt County
Talk to someone who works this market
These are Caddo Mills 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 Caddo Mills every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Caddo Mills?
A $247,000 home in Caddo Mills, Texas costs approximately $2,226 per month with 20% down at 7.24%. That is $1,347 principal and interest, $268 property tax, $163 homeowners insurance, $242 utilities and $206 set aside for maintenance.
What is the property tax rate in Caddo Mills?
Caddo Mills has an effective property tax rate of 1.302%, based on a median home value of $247,400 and median real estate taxes of $3,221. That is in line with the Hunt County average of 1.297%.
What is the average home price in Caddo Mills?
The median owner-occupied home value in Caddo Mills, Texas is $247,400, against $210,900 across Hunt County.
Is it cheaper to rent or buy in Caddo Mills?
Median gross rent in Caddo Mills is $1,103 a month, against $2,226 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Caddo Mills?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Caddo Mills, Texas at today's rate takes a household income of roughly $95,500 a year. That covers the full $2,226 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Caddo Mills, 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.