Total monthly cost of ownership
Cost to Own a Home in Hamlin, Texas
A $72,000 home here costs
$892per 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 $38,000 a year.
A standard mortgage calculator would have told you $393. The real number is $500 higher every month, 127% more than the payment most buyers budget for.
Compare Jones County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hamlin from a five-year rolling sample, and with about 2,178 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 Jones 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.
Hamlin against Jones County and Texas
| Measure | Hamlin | Jones County |
|---|---|---|
| Median home value | $72,100 | $92,700 |
| Median property tax | $1,801 | $1,425 |
| Effective tax rate | 2.498% | 1.537% |
| Median gross rent | $847 | $938 |
| Population | 2,178 | 19,968 |
Hamlin extends across 2 counties. Figures here use Jones County, where most of its housing sits.
The weather behind that power bill
Hamlin sits in Jones County, which averages a high of 95.6°F in its hottest month and a low of 29.4°F in its coldest, with 25.43" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,374 cooling and 2,794 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Jones County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jones County
Talk to someone who works this market
These are Hamlin 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 Hamlin every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hamlin I already own here and may sell
Common questions
How much does it cost to own a home in Hamlin?
A $72,000 home in Hamlin, Texas costs approximately $892 per month with 20% down at 7.24%. That is $393 principal and interest, $150 property tax, $48 homeowners insurance, $242 utilities and $60 set aside for maintenance.
What is the property tax rate in Hamlin?
Hamlin has an effective property tax rate of 2.498%, based on a median home value of $72,100 and median real estate taxes of $1,801. That is higher than the Jones County average of 1.537%.
What is the average home price in Hamlin?
The median owner-occupied home value in Hamlin, Texas is $72,100, against $92,700 across Jones County.
Is it cheaper to rent or buy in Hamlin?
Median gross rent in Hamlin is $847 a month, against $892 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 Hamlin?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hamlin, Texas at today's rate takes a household income of roughly $38,000 a year. That covers the full $892 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hamlin, 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.