Salary to Buy a Home
What Salary Do You Need to Buy a Home in Texas? (2026)
To buy the median Texas home ($305,000) with 20% down at today's 6.52% rate, you need an annual income of $100,484 — $33,163 more than the typical household earns ($67,321). Your monthly PITI payment would be $2,345. With 10% down and PMI, you need $117,096/year and pay $2,732/month.
Income Required to Buy a Median Texas Home
At 6.52% (30-year fixed, Freddie Mac June 2026) using the 28% front-end DTI rule
20% Down — $61,000 down
$100,484
annual income required
10% Down — $30,500 down
$117,096
annual income required
Monthly Payment Breakdown — $305,000 Median Home
PITI = Principal + Interest + Taxes + Insurance. PMI added for 10%-down scenario.
| Component | 20% Down | 10% Down |
|---|---|---|
| Principal & Interest (20% down) | $1,545 | $1,738 |
| Property Tax (1.80%) | $458 | $458 |
| Homeowners Insurance | $342 | $342 |
| PMI (10% down only) | — | $194 |
| Total Monthly PITI | $2,345 | $2,732 |
| Annual income required (28% DTI) | $100,484 | $117,096 |
Rate: 6.52% 30-year fixed (Freddie Mac June 2026). Property tax: 1.80% effective rate. Insurance: $4,100/yr statewide average. PMI: 0.85% of loan annually.
Texas Affordability Gap
How far the median household income is from what's needed to buy the median home
Affordability gap
+$33,163
shortfall vs. income required
Gap %
+49.3%
Median households need 49.3% more income to clear the 28% DTI threshold
Price that fits the median income
$187,170
The most expensive home a typical Texas household can buy and stay within the 28% PITI rule — at $67,321/year income, 20% down, 6.52% rate. That's $117,830 below Texas's median home price.
Most & Least Affordable Counties in Texas
Home prices vary significantly by county — these counties anchor the affordability spectrum
Most affordable counties
- 1Zavala County
- 2Presidio County
- 3Hudspeth County
Least affordable counties
- 1Travis County
- 2Collin County
- 3Fort Bend County
County affordability reflects relative home price levels. Use the mortgage calculator for an exact income analysis at your target county price point.
Mortgage Calculator — Texas
Pre-loaded with Texas's $305,000 median home price at 6.52%
Mortgage Estimator
Texas rates pre-loaded
Monthly Payment
$1,999
estimated all-in payment (PITI)
Tax and insurance estimates use national averages. For Texas-specific numbers, see the full breakdown below.
Excludes HOA fees. Rates and costs are estimates; actual costs vary.
Full Calculator →How Much Home Can You Afford in Texas?
The income required figures above are for the median home. Enter your actual income to see what home price you qualify for.
Mortgage Affordability Calculator
Enter your income, debts, and down payment to find your maximum home price — pre-loaded for Texas
Open Calculator →Frequently Asked Questions
- What salary do you need to buy a house in Texas?
- To buy Texas's median-priced home ($305,000) with 20% down at 6.52% (30-year fixed), you need $100,484/year. That keeps your monthly PITI (principal, interest, taxes, insurance) of $2,345 within the 28% front-end DTI guideline. With 10% down and PMI, the required income rises to $117,096/year with a $2,732/month payment. Source: NAR Q1 2026, Freddie Mac June 2026.
- Can the average Texas household afford a home?
- Not easily. The median Texas household earns $67,321/year, but qualifying for the median home requires $100,484 — an affordability gap of $33,163 (+49.3%). On the median income, the most you can spend and stay within the 28% guideline is $187,170.
- What home price can I afford on Texas's median income?
- At $67,321/year (Texas's median), your maximum monthly housing budget is $1,571 under the 28% DTI rule. Working backwards at 6.52% with 20% down, that supports a home price of $187,170 — $117,830 below the $305,000 median.
- What is the PITI payment on a median Texas home?
- On Texas's median home price of $305,000: with 20% down ($61,000 down), your PITI is $2,345/month. With 10% down ($30,500 down plus PMI), PITI rises to $2,732/month. PITI includes principal & interest at 6.52%, property tax at 1.80%, and homeowners insurance (PMI added for 10%-down scenario at 0.85% of loan annually). Source: Freddie Mac June 2026 / NAR Q1 2026.
- What is the 28% rule for buying a home?
- The 28% rule (HUD front-end DTI standard) says your monthly housing payment — principal, interest, taxes, and insurance (PITI) — should not exceed 28% of your gross monthly income. To qualify for Texas's median home at 20% down, your PITI would be $2,345/month. Divide by 0.28 to get the required monthly income ($8,374), then multiply by 12: $100,484/year. Lenders also check back-end DTI (all debts ≤ 43%), so existing debt reduces what you can borrow.
- Which Texas counties are most and least affordable?
- Texas's most affordable counties for homebuyers include Zavala County, Presidio County, Hudspeth County, where home prices are significantly below the state median. The least affordable are typically Travis County, Collin County, Fort Bend County, where prices far exceed the statewide average. County-level data is updated quarterly — use the mortgage calculator below for your specific target area.
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Mortgage Calculator
Full PITI payment on $305,000 at 6.52%
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Home Insurance Costs
Average Texas homeowners insurance: $4,100/year
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Full PITI for 8 home prices in Texas, from $200K to $750K