Milam County Entry-Level Homes: Affordability Check

What does it cost to buy an entry-level home in Milam County today? The median price for the bottom quartile of sales is $245,750 across 76 closed sales in the rolling six months ending October 31, 2026. This figure represents the most affordable tier available in the county market. ALEX Intelligence calculated affordability using current mortgage rates and standard down payment assumptions. With a 30-year fixed loan at the current rate of 7.11%, the principal and interest payment on a median entry-level home is $1,323 per month. This calculation excludes taxes and insurance but highlights the baseline cost of financing. The market shows that homes in this price range are selling for 92.2% of their original list price on average. While prices have risen slightly compared to the prior six-month period, the number of days on market has dropped by 30.9%, indicating faster turnover for these affordable properties. Buyers should note that a 3-2-1 buydown would cost approximately $9,072 to lower the rate in the first three years, while a 2-1 buydown costs about $4,608. This analysis relies on data from 76 closed sales and applies current financing terms sourced from Freddie Mac. It serves as an estimate of buying power rather than a specific appraisal for any individual property. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog