2026 data · 1.60% property tax · Median home $268,200
Texas Mortgage Calculator
A median-priced home in Texas ($268,200) costs roughly $2,031 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Texas's effective property tax rate is 1.60% — well above the US average of about 1.0%.
Texas median-home monthly payment
$2,031/mo
P&I $1,427 · Tax $358 · Insurance $246
@ $268,200 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Texas
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $267 | $183 | $1,514 |
| $268,200 (state median) | $53,640 | $1,427 | $358 | $246 | $2,031 |
| $300,000 | $60,000 | $1,597 | $400 | $275 | $2,272 |
| $400,000 | $80,000 | $2,129 | $533 | $367 | $3,029 |
| $500,000 | $100,000 | $2,661 | $667 | $458 | $3,786 |
| $750,000 | $150,000 | $3,992 | $1,000 | $688 | $5,679 |
Calculations use Texas's 1.60% effective property tax rate, estimated homeowners insurance at 1.10%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Texas property tax
Effective rate
1.60%
Median home value
$268,200
Median property tax
$4,300/yr
Texas has the 7th-highest property tax rate (1.60%) but no state income tax. Homestead exemption of $100,000 (effective 2023) on school district taxes. Property tax appraisal cap of 10% annual increase for homesteaded properties.
See our property tax calculator for a state-by-state property tax breakdown, and our Texas paycheck calculator to estimate take-home pay against this monthly housing cost.
Texas vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Texas (this page) | 1.60% | $268,200 | $4,300 | |
| Oklahoma | 0.85% | $174,600 | $1,470 | Oklahoma mortgage → |
| Arkansas | 0.57% | $154,800 | $878 | Arkansas mortgage → |
| Louisiana | 0.55% | $181,500 | $988 | Louisiana mortgage → |
| New Mexico | 0.67% | $228,300 | $1,530 | New Mexico mortgage → |
FAQs about Texas mortgages
What is the property tax rate in Texas?
Texas's effective property tax rate is 1.60%, meaning the average homeowner pays roughly 1.60% of their home's value in property tax annually. On a $268,200 home (the state median), that's about $4,300 per year, or $358 per month added to your mortgage payment.
What is the average monthly mortgage payment in Texas?
For a home at Texas's median value of $268,200, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Texas's 1.60% property tax + estimated insurance, the typical monthly PITI payment is approximately $2,031. This includes $1,427 principal & interest, $358 property tax, and $246 homeowners insurance.
How much income do I need to buy a house in Texas?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $87,043 to comfortably afford Texas's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $56,679 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Texas a good state to buy a house?
Texas's combination of 1.60% property tax (well above the national average of ~1.0%) and median home value of $268,200 place it in the mid-range of state housing markets nationally. Texas has the 7th-highest property tax rate (1.60%) but no state income tax.
How does Texas property tax compare to neighboring states?
Texas's 1.60% rate compares to: Oklahoma at 0.85%, Arkansas at 0.57%, Louisiana at 0.55%, New Mexico at 0.67%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Texas have a homestead exemption?
Texas has the 7th-highest property tax rate (1.60%) but no state income tax. Homestead exemption of $100,000 (effective 2023) on school district taxes. Property tax appraisal cap of 10% annual increase for homesteaded properties.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Texas mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,427, Property Tax $358, Homeowners Insurance $246. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.