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Texas Mortgage Payment Calculator โ€” Updated 2026

State abbreviation: TX

In Texas, the median home price is $375,000 as of 2026. Property taxes run at 1.8% of home value annually, and homeowners insurance averages $1560/year. Texas has no state income tax, making it attractive for homeownership due to increased disposable income. The cost of living index in Texas is 95 (100 = national average).

Texas Financial Data (2026)

State Tax Rate
None
Property Tax Rate
1.8%
Median Home Price
$375,000
Avg Insurance Cost
$1,560/year
Cost of Living Index
95
State Abbreviation
TX