Total monthly cost of ownership
Cost to Own a Home in Shamrock, Texas
A $83,000 home here costs
$908per 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 $39,000 a year.
A standard mortgage calculator would have told you $453. The real number is $455 higher every month, 101% more than the payment most buyers budget for.
Compare Wheeler County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Shamrock from a five-year rolling sample, and with about 1,966 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 Wheeler 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.
Shamrock against Wheeler County and Texas
| Measure | Shamrock | Wheeler County |
|---|---|---|
| Median home value | $83,400 | $97,600 |
| Median property tax | $1,070 | $1,411 |
| Effective tax rate | 1.283% | 1.446% |
| Median gross rent | $1,062 | $995 |
| Population | 1,966 | 4,902 |
The weather behind that power bill
Shamrock sits in Wheeler County, which averages a high of 93.8°F in its hottest month and a low of 23.8°F in its coldest, with 25.29" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,698 cooling and 3,972 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Wheeler County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wheeler County
Talk to someone who works this market
These are Shamrock 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 Shamrock every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Shamrock I already own here and may sell
Common questions
How much does it cost to own a home in Shamrock?
A $83,000 home in Shamrock, Texas costs approximately $908 per month with 20% down at 7.24%. That is $453 principal and interest, $89 property tax, $55 homeowners insurance, $242 utilities and $69 set aside for maintenance.
What is the property tax rate in Shamrock?
Shamrock has an effective property tax rate of 1.283%, based on a median home value of $83,400 and median real estate taxes of $1,070. That is lower than the Wheeler County average of 1.446%.
What is the average home price in Shamrock?
The median owner-occupied home value in Shamrock, Texas is $83,400, against $97,600 across Wheeler County.
Is it cheaper to rent or buy in Shamrock?
Median gross rent in Shamrock is $1,062 a month, against $908 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Shamrock?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Shamrock, Texas at today's rate takes a household income of roughly $39,000 a year. That covers the full $908 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Shamrock, 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.