Total monthly cost of ownership
Cost to Own a Home in Cameron, Texas
A $113,000 home here costs
$1,178per 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 $50,500 a year.
A standard mortgage calculator would have told you $616. The real number is $562 higher every month, 91% more than the payment most buyers budget for.
Compare Milam County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cameron against Milam County and Texas
| Measure | Cameron | Milam County |
|---|---|---|
| Median home value | $112,800 | $168,900 |
| Median property tax | $1,801 | $1,789 |
| Effective tax rate | 1.597% | 1.059% |
| Median gross rent | $942 | $948 |
| Population | 5,385 | 25,268 |
The weather behind that power bill
Cameron sits in Milam County, which averages a high of 94.5°F in its hottest month and a low of 38.7°F in its coldest, with 38.6" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,820 cooling and 1,709 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Milam County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Milam County
Talk to someone who works this market
These are Cameron 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 Cameron every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cameron I already own here and may sell
Common questions
How much does it cost to own a home in Cameron?
A $113,000 home in Cameron, Texas costs approximately $1,178 per month with 20% down at 7.24%. That is $616 principal and interest, $150 property tax, $75 homeowners insurance, $242 utilities and $94 set aside for maintenance.
What is the property tax rate in Cameron?
Cameron has an effective property tax rate of 1.597%, based on a median home value of $112,800 and median real estate taxes of $1,801. That is higher than the Milam County average of 1.059%.
What is the average home price in Cameron?
The median owner-occupied home value in Cameron, Texas is $112,800, against $168,900 across Milam County.
Is it cheaper to rent or buy in Cameron?
Median gross rent in Cameron is $942 a month, against $1,178 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 Cameron?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cameron, Texas at today's rate takes a household income of roughly $50,500 a year. That covers the full $1,178 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cameron, 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.