Total monthly cost of ownership
Cost to Own a Home in Skidmore, Texas
A $48,000 home here costs
$605per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $247. The real number is $358 higher every month — 145% 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.
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 $148 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
Common questions
How much does it cost to own a home in Skidmore?
A $48,000 home in Skidmore, Texas costs approximately $605 per month with 20% down at 6.66%. That is $247 principal and interest, $70 property tax, $32 homeowners insurance, $216 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 $605 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
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.