Total monthly cost of ownership
Cost to Own a Home in Paris, Texas
A $128,000 home here costs
$1,261per 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 $54,000 a year.
A standard mortgage calculator would have told you $698. The real number is $563 higher every month, 81% more than the payment most buyers budget for.
Compare Lamar 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.
Paris against Lamar County and Texas
| Measure | Paris | Lamar County |
|---|---|---|
| Median home value | $128,300 | $175,500 |
| Median property tax | $1,557 | $1,669 |
| Effective tax rate | 1.214% | 0.951% |
| Median gross rent | $903 | $897 |
| Population | 24,678 | 50,421 |
The weather behind that power bill
Paris sits in Lamar County, which averages a high of 96.2°F in its hottest month and a low of 33.2°F in its coldest, with 48.88" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,652 cooling and 2,636 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Lamar County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lamar County
Talk to someone who works this market
These are Paris 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 Paris every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Paris?
A $128,000 home in Paris, Texas costs approximately $1,261 per month with 20% down at 7.24%. That is $698 principal and interest, $129 property tax, $85 homeowners insurance, $242 utilities and $107 set aside for maintenance.
What is the property tax rate in Paris?
Paris has an effective property tax rate of 1.214%, based on a median home value of $128,300 and median real estate taxes of $1,557. That is higher than the Lamar County average of 0.951%.
What is the average home price in Paris?
The median owner-occupied home value in Paris, Texas is $128,300, against $175,500 across Lamar County.
Is it cheaper to rent or buy in Paris?
Median gross rent in Paris is $903 a month, against $1,261 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 Paris?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Paris, Texas at today's rate takes a household income of roughly $54,000 a year. That covers the full $1,261 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Paris, 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.