Total monthly cost of ownership
Cost to Own a Home in Milam, Texas
A $125,000 home here costs
$1,150per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $643. The real number is $507 higher every month — 79% 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.
Milam against Sabine County and Texas
| Measure | Milam | Sabine County |
|---|---|---|
| Median home value | $124,900 | $131,900 |
| Median property tax | $1,250 | $1,315 |
| Effective tax rate | 1.001% | 0.997% |
| Median gross rent | — | $738 |
| Population | 1,275 | 9,998 |
The weather behind that power bill
Milam sits in Sabine County, which averages a high of 93.8°F in its hottest month and a low of 37.8°F in its coldest, with 57.34" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,522 cooling and 1,953 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Sabine County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sabine County
Common questions
How much does it cost to own a home in Milam?
A $125,000 home in Milam, Texas costs approximately $1,150 per month with 20% down at 6.66%. That is $643 principal and interest, $104 property tax, $83 homeowners insurance, $216 utilities and $104 set aside for maintenance.
What is the property tax rate in Milam?
Milam has an effective property tax rate of 1.001%, based on a median home value of $124,900 and median real estate taxes of $1,250. That is in line with the Sabine County average of 0.997%.
What is the average home price in Milam?
The median owner-occupied home value in Milam, Texas is $124,900, against $131,900 across Sabine County.
Is it cheaper to rent or buy in Milam?
Rent data is not published for Milam at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Milam — 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.