Total monthly cost of ownership
Cost to Own a Home in Paris, Texas
A $128,000 home here costs
$1,195per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $658. The real number is $537 higher every month — 82% 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.
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 $148 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
Common questions
How much does it cost to own a home in Paris?
A $128,000 home in Paris, Texas costs approximately $1,195 per month with 20% down at 6.66%. That is $658 principal and interest, $129 property tax, $85 homeowners insurance, $216 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 $1,195 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 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.