Mortgage payment estimates, closing cost breakdowns, and homebuying data for Houston, Texas.
Pre-filled with Houston median home price and Texas tax/insurance rates. Adjust for your property.
Estimated closing costs based on Texas rates and fees applied to Houston prices.
The median home price in Houston is $325,000, roughly in line with the Texas state median of $310,000. With a population of 2,304,580, Houston is a major metro area where home prices reflect strong demand and local economic factors.
Property taxes in Texas average 1.8% annually. This higher-than-average tax rate means a $325,000 home in Houston would carry roughly $488/month in property taxes alone — plan accordingly. Homeowners insurance in Texas runs approximately $3,800 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Houston is $1,450/month. The price-to-rent ratio in Houston is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Houston presents moderate affordability. The $325K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.