Free mortgage affordability calculator tailored for Texas (TX). Calculate instantly with state-specific rates and rules.
The median home value in Texas is $310,000. Austin saw extraordinary appreciation 2020-2022 (50-70%) followed by one of the nation's sharpest corrections in 2023. DFW, Houston, and San Antonio have been more stable, with moderate continued growth.
The conforming loan limit in Texas is $726,200. Most Texas counties are at the standard conforming limit. No Texas counties currently qualify for high-cost conforming limits, though Austin-Round Rock values approach the threshold. Loans above this threshold are considered jumbo loans and typically carry stricter qualification requirements and slightly higher rates.
Beyond your mortgage payment, budget for Texas's property taxes: the effective rate is 1.60%, meaning a home at the median value generates about $4,660/year in taxes. This is a real cost that lenders include in your debt-to-income (DTI) calculation.
Buyers typically pay around $3,700 in closing costs in Texas. Texas has no state transfer tax, which is a significant advantage. However, title insurance rates in Texas are state-regulated and can be higher than in unregulated states. Survey fees are standard requirements in Texas. Factor this into your upfront cash requirement alongside your down payment.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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