Total monthly cost of ownership
Cost to Own a Home in Wilmer, Texas
A $111,000 home here costs
$1,040per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $469 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.
Wilmer against Dallas County and Texas
| Measure | Wilmer | Dallas County |
|---|---|---|
| Median home value | $111,200 | $277,900 |
| Median property tax | $1,054 | $4,668 |
| Effective tax rate | 0.948% | 1.680% |
| Median gross rent | $1,349 | $1,469 |
| Population | 5,876 | 2,603,816 |
The weather behind that power bill
Wilmer sits in Dallas County, which averages a high of 97.1°F in its hottest month and a low of 37.9°F in its coldest, with 38.32" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 3,125 cooling and 1,992 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Dallas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dallas County
Common questions
How much does it cost to own a home in Wilmer?
A $111,000 home in Wilmer, Texas costs approximately $1,040 per month with 20% down at 6.66%. That is $571 principal and interest, $88 property tax, $73 homeowners insurance, $216 utilities and $93 set aside for maintenance.
What is the property tax rate in Wilmer?
Wilmer has an effective property tax rate of 0.948%, based on a median home value of $111,200 and median real estate taxes of $1,054. That is lower than the Dallas County average of 1.680%.
What is the average home price in Wilmer?
The median owner-occupied home value in Wilmer, Texas is $111,200, against $277,900 across Dallas County.
Is it cheaper to rent or buy in Wilmer?
Median gross rent in Wilmer is $1,349 a month, against $1,040 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 Wilmer — 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.