Total monthly cost of ownership
Cost to Own a Home in Skidmore, Texas
A $48,000 home here costs
$646per 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 $27,500 a year.
A standard mortgage calculator would have told you $262. The real number is $384 higher every month, 147% more than the payment most buyers budget for.
Compare Bee County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Skidmore from a five-year rolling sample, and with about 1,124 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 Bee 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.
Skidmore against Bee County and Texas
| Measure | Skidmore | Bee County |
|---|---|---|
| Median home value | $47,700 | $102,800 |
| Median property tax | $838 | $1,461 |
| Effective tax rate | 1.757% | 1.421% |
| Median gross rent | $953 | $1,028 |
| Population | 1,124 | 31,000 |
The weather behind that power bill
Skidmore sits in Bee County, which averages a high of 95.7°F in its hottest month and a low of 43.6°F in its coldest, with 31.95" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 3,220 cooling and 1,158 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Bee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bee County
Talk to someone who works this market
These are Skidmore 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 Skidmore every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Skidmore?
A $48,000 home in Skidmore, Texas costs approximately $646 per month with 20% down at 7.24%. That is $262 principal and interest, $70 property tax, $32 homeowners insurance, $242 utilities and $40 set aside for maintenance.
What is the property tax rate in Skidmore?
Skidmore has an effective property tax rate of 1.757%, based on a median home value of $47,700 and median real estate taxes of $838. That is higher than the Bee County average of 1.421%.
What is the average home price in Skidmore?
The median owner-occupied home value in Skidmore, Texas is $47,700, against $102,800 across Bee County.
Is it cheaper to rent or buy in Skidmore?
Median gross rent in Skidmore is $953 a month, against $646 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 Skidmore?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Skidmore, Texas at today's rate takes a household income of roughly $27,500 a year. That covers the full $646 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Skidmore, 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.