Texas Mortgage Rates & Home Prices (2026)
Median price: $335,000 · Avg. rate: 6.84%
Texas Market Overview
$335,000
Median Home Price
6.84%
Avg. 30-Yr Rate
1.80%
Property Tax Rate
62.3%
Homeownership Rate
Texas has no state income tax but the highest property taxes among large states, significantly impacting monthly payments. Austin, Dallas, Houston, and San Antonio each offer distinct market dynamics. TDHCA provides up to 5% DPA through the My First Texas Home program.
Estimated Monthly Payment
Median home in Texas (20% down, 30-yr fixed)
$2,396/mo
Principal & Interest$1,754
Property Taxes$503
Home Insurance (est.)$140
Total Monthly (PITI)$2,396
Based on a $335,000 home with 20% down ($268,000 loan) at 6.84%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Texas
- My First Texas Home
- My Choice Texas Home
- Texas Mortgage Credit Certificate
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: TX Rates
30-Year Fixed6.84%
15-Year Fixed6.06%
5/1 ARM (est.)6.09%
FHA 30-Year6.69%
VA 30-Year6.59%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: TX
FHA Loan Limit$472,030
Median Income$73,035
Cost Index0.95x