Milam County, Texas home prices
Typical home $263,672 · +1.1% in a year · property tax 0.99%
The typical home in Milam County is worth $263,672, 11% less than the Texas typical home ($296,424). Values changed +1.1% in the past year and +5.3% over five years. Homeowners here pay a median 0.99% of their home's value in property tax each year ($2,605 on the typical home), versus 1.32% statewide.
Mortgage on the typical Milam County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $52,734 | $210,938 | $1,419 | $0 | $349 | $1,768 | $75,800 |
| 10% down | $26,367 | $237,305 | $1,596 | $99 | $349 | $2,044 | $87,600 |
| 5% down | $13,184 | $250,489 | $1,685 | $104 | $349 | $2,138 | $91,600 |
| 3.5% down (FHA) | $9,229 | $258,896 | $1,742 | $117 | $349 | $2,207 | $94,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.99% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Texas.
Texas counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Andrews County | $263,891 | +6.9% | 1.28% |
| Hamilton County | $264,504 | +0.8% | 1.26% |
| Randall County | $261,974 | +4.1% | 1.51% |
| Burleson County | $265,577 | -0.5% | 0.95% |
| Hartley County | $261,373 | +7.7% | 1.01% |
| Montague County | $260,206 | -2.0% | 0.92% |
| Henderson County | $267,629 | -1.5% | 0.94% |
| Smith County | $267,840 | -0.3% | 1.16% |
| Goliad County | $268,136 | +3.2% | 0.94% |
| McLennan County | $257,622 | +0.4% | 1.42% |
Frequently asked questions
What is the average home price in Milam County, TX?
The typical home value in Milam County is $263,672 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Milam County?
About $75,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Milam County?
The median effective rate is 0.99% of home value a year (Census ACS 2024 5-year estimates).