Market Overview
Home Prices in Milam, TX
The median home value in Milam, TX is $237,291 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milam are priced42% below average.
Price History
Milam Home Price Trend
2022
$266,120
$266K
—
2023
$248,324
$248K
-6.7%
2024
$229,331
$229K
-7.6%
2025
$228,291
$228K
-0.5%
2026
$237,291
$237K
+3.9%
City Comparison
Milam vs. National Median
🏠 Milam
$237,291
National Median
$410,000
At $237,291, homes in Milam cost 42% below the national median of $410,000. This makes Milam a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Milam?
20% Down Payment
$47,458
on $237,291
Monthly P&I
$1,238/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,572/mo
incl. taxes & insurance
Income Needed
$62,880
gross annual (30% rule)
10% Down Option
$23,729
+ PMI applies
Loan Amount (20% dn)
$189,833
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Milam, TX?
The median home value in Milam is $237,291 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Milam?
Over the past year, home values in Milam have increased by 3.9%.
How much do I need to earn to buy a home in Milam?
To comfortably afford the median home price of $237,291 with a 20% down payment ($47,458) at today's rates (6.8%), you'd need a gross annual income of approximately $62,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Milam compare to the national average home price?
The national median home value is approximately $410,000. At $237,291, homes in Milam are 42% below the national average.