The typical home in Houston, TX is worth about $340,000.
With 20% down that's a loan near $272,000 — the calculator
is pre-filled with that figure. Texas has no state income tax but leans on property tax, and Harris County's rate near 1.9% plus high windstorm and flood insurance make the full monthly payment much larger than principal and interest alone. New construction on the outskirts keeps supply — and prices — in check.
$1,766.00 / month
Total interest
$363,755
Total paid
$635,755
Payoff
30.0 years
How much you need to earn
Houston, TX's median household income is about
$75,000 a year. Under standard 28/36
lending rules that supports a home price around
$218,684 with 20% down —
below the $340,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Houston, TX is about $1,700 a month, so owning the median home costs roughly
$838 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Houston, TX?
On the metro's roughly $340,000 typical home with 20% down, the loan is about $272,000. Principal and interest run near $1,766 a month at today's rate, and Houston, TX's property tax plus insurance add about $772, for a full payment near $2,538.
Can I afford a home in Houston, TX on the median income?
The median household income is about $75,000 a year. Under standard 28/36 lending rules that supports a home price around $218,684 with 20% down — below the $340,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Houston, TX?
Typical asking rent is about $1,700 a month. The full owner payment on a median home is near $2,538, so owning costs roughly $838 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Houston, TX?
The effective property tax rate in the core county is about 1.90% of market value — roughly $6,460 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Houston, TX rising or falling?
Home values are up about 2% over the past year. Texas has no state income tax but leans on property tax, and Harris County's rate near 1.9% plus high windstorm and flood insurance make the full monthly payment much larger than principal and interest alone. New construction on the outskirts keeps supply — and prices — in check.