Texas (TX) · No state income tax · Property tax: 1.80% · Median home (ZHVI): $295,000
As of · Sources: Zillow ZHVI, Tax Foundation, Census ACS, Freddie Mac PMMS
In Texas, the median home price is $295,000 as of 2026, which directly determines your loan amount and monthly payment. Property taxes run 1.8% annually — about $5,310/year on a median-priced home — and are typically rolled into your monthly PITI payment. Homeowners insurance averages $4,240/year in Texas, adding roughly $353/month to your total housing cost. Since Texas has no state income tax, your full federal mortgage interest deduction applies without state-level complications.
Home value, monthly carrying cost, property tax, and insurance are the four levers for the mortgage payment calculator in Texas. Every row cites a primary public dataset. Numbers reflect the most recent vintage available; refresh cadence is documented in the methodology.
Every real-estate number on this page runs through the same core identity: the monthly principal-and-interest payment on a fully amortizing fixed-rate loan is M = P · r / (1 − (1+r)^(−n)), where P is the loan principal, r is the monthly rate (annual rate / 12), and n is the term in months. For a typical Texas buyer in 2026, P starts from an $295,000 median home value (Zillow ZHVI)[1], minus a standard 20% down payment.
On top of P&I the calculator adds the two Texas-specific carrying costs: property tax at the state effective rate of 1.80%[2] and homeowners insurance at roughly $4,240/year (NAIC state average)[3]. The Freddie Mac PMMS national average 30-year fixed rate (6.30% (Freddie Mac PMMS · week of ))[4] drives the payment curve — Texas rate quotes can move a few basis points around that number depending on lender, loan size, and credit band.
Calc-specific note: For a fully amortising 30-year fixed, plug Texas's ZHVI minus 20% down into the M = P·r/(1−(1+r)^−n) identity — output is principal + interest only.
Worked example — Texas
A Texas buyer purchasing the median home at $295,000 with 20% down ($59,000) borrows $236,000. At the PMMS 6.30% 30-year fixed, monthly P&I is $1,461. Add $443/month property tax (1.80% effective rate) and the typical Texas homeowners premium to reach full PITI.
Same formula, different inputs. Each city name links to its own pSEO page where the calculator is pre-filled with local medians.
| City | Median home | Median rent | HUD FMR 2BR | Median income | Est. P&I |
|---|---|---|---|---|---|
| Houston, TX | $307,493 | $1,610/mo | $1,475/mo | $80,458 | $1,523/mo |
| Dallas, TX | $364,734 | $1,645/mo | $1,525/mo | $87,155 | $1,806/mo |
| San Antonio, TX | $279,026 | $1,391/mo | $1,275/mo | $74,297 | $1,382/mo |
| Austin, TX | $427,045 | $1,579/mo | $1,450/mo | $97,638 | $2,115/mo |
| Fort Worth, TX | $330,000 | $1,354/mo | $1,250/mo | $66,200 | $1,634/mo |
Sources: Zillow ZHVI + ZORI[1], HUD FMR[2], Census ACS[3], Freddie Mac PMMS[4].
Moving one state over changes the mortgage payment numbers. Compare median home value (Zillow ZHVI), top marginal income tax rate, effective property tax rate, and the BEA all-items Regional Price Parity across Texas and its border states.
| State | Median home | Top inc tax | Prop tax rate | RPP (US=100) |
|---|---|---|---|---|
| Texas (this page) | $295,000 | None | 1.80% | 97.1 |
| Arkansas equivalent | $198,000 | 3.90% | 0.64% | 86.8 |
| compare to Louisiana | $215,000 | 3.00% | 0.55% | 88.7 |
| New Mexico | $305,000 | 5.90% | 0.80% | 91.0 |
| Oklahoma equivalent | $205,000 | 4.75% | 0.90% | 88.7 |
Sources: Zillow ZHVI[1], state Departments of Revenue / Tax Foundation[2], Tax Foundation property taxes[3], BEA Regional Price Parities[4].
These calculators share inputs with the mortgage payment formula, so pair them to pressure-test your answer from multiple angles.
| Metric | Texas | National Avg | AR | LA | NM |
|---|---|---|---|---|---|
| Median Home Price | $295,000 | $420,000 | $275,000 | $285,000 | $345,000 |
| Property Tax Rate | 1.8% | 1.07% | 0.62% | 0.55% | 0.8% |
| State Income Tax | None | 4.6%* | 4.9% | 4.25% | 4.9% |
| Avg Insurance Cost | $4,240/yr | $1,544/yr | $1,440/yr | $1,920/yr | $1,440/yr |
| Cost of Living Index | 97.1 | 100 | 84 | 91 | 93 |
| Household Income — p25 | $42,656 | $41,401 | $32,400 | $27,664 | $30,792 |
| Household Income — p50 (median) | $80,800 | $83,592 | $64,553 | $60,000 | $64,000 |
| Household Income — p75 | $152,118 | $153,000 | $115,675 | $113,423 | $122,600 |
*Average of states that levy an income tax. 2026 estimates. Texas has no income tax but the 6th-highest property tax rate in the nation.[3] Income percentiles from DQYDJ/Census CPS 2024[4].
Texas has no state income tax, but property taxes average 1.80% — among the highest nationally. On a $340K median home, that's ~$6,120/year.
Texas homestead exemption provides $100,000 off assessed value for school district taxes, saving homeowners $1,000+/year.
Texas does not allow home equity cash-out refinances to exceed 80% LTV — a unique state restriction that limits HELOC and cash-out options.
TDHCA (Texas Department of Housing and Community Affairs) offers My First Texas Home with up to 5% in DPA.
Every number on this page reads from the same CalcFi data repository used by the Live Data pages below — the figures stay consistent.
Home Prices by State
Zillow ZHVI across all 50 states
Property Tax by State
Effective rate × ZHVI = annual bill
Household Income by State
FRED real median + percentile bands
Cost of Living by State
BEA RPP all-items + housing
No-Income-Tax States
Full list + trade-offs
Current Interest Rates
Treasury curve + PMMS + FDIC
CalcFi pSEO pages combine three inputs: (1) the calculator formula itself, which runs client-side so no inputs leave your browser; (2) state-level financial constants from primary public datasets; and (3) national benchmarks for comparison. The Texas page uses the property tax rate (1.8%), median home price ($295,000), and no state income tax from the sources listed below.
Refresh cadence:state tax brackets and minimum wage rates are reviewed annually after each state's legislative session. Property tax, median home price, insurance, and cost-of-living figures are reviewed annually against the primary sources. Income percentiles are refreshed when the Census CPS/IPUMS releases update (typically September). Page-level dateModified matches the last editorial review date, shown above.
Known limits: statewide averages mask large intra-state variance — county-level property tax and metro-level home prices differ significantly from the figures shown. For the most precise calculations, cross-check the output against your actual county assessor and the latest federal/state tax tables at filing time.
Use Mortgage Payment Calculator for any city in Texas.
Every number on this page cites a primary public dataset. Last reviewed (auto-bumped by the next ISR refresh after an ETL run).
CalcFi does not sell data. If you spot an error, email hello@calcfi.app with the URL and the correct figure.