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These days, finding an affordable place to live in the Milam area can be challenging. Home prices in Milam are now at a median cost of $148,249, lower than the Texas average of $322,096.
The average cost of rent is $745/mo in Milam, primarily driven by the current value of real estate in the Milam area. In Milam, 11.32% of households rent, and 66.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milam is $4,850 per month. Households that rent pay about 15.36% of their income on rent here. Milam’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sabinetown, TX: higher priced homes
- Geneva, TX: less expensive homes
- East Hamilton, TX: higher priced homes
- Sexton, TX: higher priced homes
- Negreet, LA: higher priced homes
- Rosevine, TX: equally priced homes
- Fords Corner, TX: less expensive homes
- Bronson, TX: less expensive homes
- Many, LA: higher priced homes
- Rattan, LA: less expensive homes
Cities with Similar Populations
- St. Bonaventure, NY: less expensive homes
- Freeman, SD: higher priced homes
- Friendship, TN: equally priced homes
- Gibson, FL: higher priced homes
- Greenfield, MO: less expensive homes
- Hereford, AZ: higher priced homes
- Howards Mill, KY: higher priced homes
- Hurley, VA: less expensive homes
- Jeffersonville, NY: higher priced homes
- Julian, PA: higher priced homes
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