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Texas

Learn about the people, housing, costs and businesses across Texas

Median Home$312,140
Median Rent$1,512/month
Population30,188,424
Leading IndustriesWholesale Trade · Information & Media · Manufacturing9% wholesale trade
Home Value Growth⬆⬆+11.6% over 2 years
Family-Friendly25% of residentstop 2% nationally
Homeowners63% of occupied units
Texas

Frequently Asked Questions

What are today's mortgage rates in Texas?

As of today, the 30-year fixed mortgage rate for Texas is approximately 6.838% (6.892% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Texas?

The median home value in Texas is $312k. The median monthly rent is $1,512. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Texas?

Home values in Texas have increased 11.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Texas?

Based on a typical all-in ownership cost of $1,493/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $64k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Texas is $88k/year.

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What industries drive the economy in Texas?

The largest employment sectors in Texas are public administration (22%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.