US Real Estate & Mortgage Research Analyst
Published: August 9, 2026 · Updated: August 9, 2026
Key Takeaways for Texas
- • Median owner-occupied home value: $283,800 (2024).
- • National rank: #29 highest of 50 states — near the middle of the national range.
- • Higher than 21 other states; $16,150 (5%) below the ~$299,950 U.S. midpoint.
- • Typical property tax on a median-priced home: ~$3,973/year using the state effective rate of 1.40%.
The median owner-occupied home in Texas is worth about $283,800, making it near the middle of the national range. Because this is a statewide median, it smooths over big local differences — a home in a major metro can cost far more than one in a rural county.
How Texas Compares
The median of the 50 state medians is about $299,950. Texas sits below that midpoint by $16,150 — about 5%. Only 28 states have a higher median, and 21 have a lower one.
Typical Property Tax on a Median-Priced Home
$283,800 × 1.40% = ~$3,973/year
That is about $331/month through escrow. This is an illustrative estimate using Texas's state-level effective rate on the state median home value — not your actual bill, which depends on your locality, exemptions, and assessed value. For specifics, see our Texas Property Tax page.
What This Means for Buyers
A higher home value means a larger mortgage and, usually, more property tax. Use our Mortgage Payment Calculator to turn Texas's median price into a full PITI payment, and our Property Tax Calculator for a tax estimate using your own numbers. See the full state-by-state table to compare Texas with neighbors.
Sources
U.S. Census Bureau — ACS 2024 5-Year Estimates, table B25077 (compiled by US Data Explorer) — https://usdataexplorer.com/ranking/median-home-value/states
Median value (dollars) of owner-occupied housing units, self-reported estimated market value. 2024 ACS 5-Year release (covers 2020–2024); subject to margin of error.
Retrieved: 2026-08-09.
Explore More
- Median Home Value by State — full table
- Texas Property Tax — the effective rate and a worked tax example.
- Property Tax by State — compare rates across all 50 states and DC.
- Mortgage Payment Calculator — turn a price into a full PITI payment.
Frequently Asked Questions
What is the median home value in Texas?
Based on 2024 Census ACS 5-Year data (table B25077), the median owner-occupied home value in Texas is $283,800, which ranks it #29 highest among the 50 states. That is the midpoint homeowners report — half of homes are worth more, half less.
How does Texas compare to the national midpoint?
The median of the 50 state medians is about $299,950. Texas sits below that line by $16,150 (about 5%). 21 states have a lower median; 21 have a higher. Remember this is a statewide figure — your city and neighborhood set the local price.
What is the typical property tax on a median-priced home in Texas?
Texas's effective property tax rate is about 1.40% of home value. Applied to the median home value of $283,800, that is roughly $3,973 per year, or about $331 per month through escrow. This is an illustrative estimate using state-level figures — your actual bill depends on your locality, exemptions, and assessed value. See the full breakdown on our Texas Property Tax page.