Total monthly cost of ownership
Cost to Own a Home in Hamilton, Texas
A $95,000 home here costs
$963per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $488. The real number is $475 higher every month — 97% 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.
Hamilton against Hamilton County and Texas
| Measure | Hamilton | Hamilton County |
|---|---|---|
| Median home value | $95,000 | $124,800 |
| Median property tax | $1,407 | $1,918 |
| Effective tax rate | 1.481% | 1.537% |
| Median gross rent | $749 | $847 |
| Population | 2,904 | 8,320 |
The weather behind that power bill
Hamilton sits in Hamilton County, which averages a high of 96.1°F in its hottest month and a low of 33.6°F in its coldest, with 31.59" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,499 cooling and 2,285 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Hamilton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hamilton County
No other places of this size are published in Hamilton County.
Common questions
How much does it cost to own a home in Hamilton?
A $95,000 home in Hamilton, Texas costs approximately $963 per month with 20% down at 6.66%. That is $488 principal and interest, $117 property tax, $63 homeowners insurance, $216 utilities and $79 set aside for maintenance.
What is the property tax rate in Hamilton?
Hamilton has an effective property tax rate of 1.481%, based on a median home value of $95,000 and median real estate taxes of $1,407. That is lower than the Hamilton County average of 1.537%.
What is the average home price in Hamilton?
The median owner-occupied home value in Hamilton, Texas is $95,000, against $124,800 across Hamilton County.
Is it cheaper to rent or buy in Hamilton?
Median gross rent in Hamilton is $749 a month, against $963 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 Hamilton — 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.