Current home values in Texas

Home values have been rising throughout Texas and are up 6.3% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $412,930, Realtor says.

Real estate agents say would-be homebuyers in some parts of the country are starting to overcome the obstacles caused by COVID-19 and are going virtual house hunting to take advantage of today's bargain mortgage rates and the low monthly house payments they provide.

Here's how that works in Texas: Let's say you want to buy a mid-priced home using a 30-year fixed-rate mortgage at the current average interest, which is a low 3.33%, according to mortgage company Freddie Mac.

A 30-year mortgage for a $412,930 home at 3.33% would give a typical Texas homebuyer a monthly payment of $1,452, assuming a 20% down payment.

How the Texas housing market stacks up

Couple enjoying their evening at sunset
ehenry85 / Twenty20
Texan couples can enjoy an evening out while exploring downtown

The state's median home value is higher than the U.S. median of $248,948, which is up 5.1% from a year ago.

While the coronavirus is expected to continue hanging over the U.S. economy like a dark cloud, Zillow forecasts that U.S. home values will rise 5.1% over the next year, while in Texas, they're predicted to rise 4.8%.

Homes right now are going on the market in Texas at a median price of $134 per square foot, versus $134 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Texas home prices over the last 10 years

Year Avg. Price
2020* $210,651
2019 $198,238
2018 $187,958
2017 $175,508
2016 $160,383
2015 $147,233
2014 $138,033
2013 $131,275
2012 $127,575
2011 $128,108
2010 $130,942
2009 $132,008

*2020 price average through March 31, 2020.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Texas is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2020* $334,473
2019 $275,000
2018 $262,500
2017 $247,500
2016 $225,000
2015 $210,000
2014 $195,000
2013 $185,000
2012 $177,500
2011 $177,500
2010 $182,500
2009 $182,500

*2020 price average through March 31, 2020.

About the Author

Doug Whiteman

Doug Whiteman

Former Editor-in-Chief

Doug Whiteman was formerly the editor-in-chief of MoneyWise. He has been quoted by The Wall Street Journal, USA Today and and has been interviewed on Fox Business, CBS Radio and the syndicated TV show "First Business."

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