The typical owner-occupied home in Cedar Creek is worth about $279,400, about the same as the Texas median of $283,800 and 16% below the national median of $332,700. Owners pay a median $4,075 a year in property taxes, about 1.46% of their home's value, close to the Texas rate of 1.49%. The median household earns $73,864 a year, so the median home costs 3.8 times the median income (3.6 times for Texas). 91% of occupied homes here are lived in by their owners, and 88% of those owners still have a mortgage.
Cedar Creek at a glance
| Cedar Creek | Texas | U.S. | |
|---|---|---|---|
| Median home value | $279,400 | $283,800 | $332,700 |
| Median property tax paid per year | $4,075 | $4,232 | $3,119 |
| Property tax as a share of value | 1.46% | 1.49% | 0.94% |
| Median household income | $73,864 | $78,476 | $80,734 |
| Homes lived in by their owners | 91% | 63% | 65% |
| Owner homes with a mortgage | 88% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,731 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 26.1% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 2002 | 1992 | 1980 |
| Vacant homes | 0.0% | 9.4% | 10.1% |
| Population | 4,440 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Cedar Creek
At this week's average 30-year rate of 7.11%, buying the median Cedar Creek home of $279,400 with 20% down costs about $1,960 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,425, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $83,999 for the 20%-down payment. That payment is 32% of the median Cedar Creek household income of $73,864; at that income and 20% down, the 28% guideline points to a home of about $246,000.
| Down payment | $55,880 |
|---|---|
| Loan amount | $223,520 |
| Principal and interest | $1,504 |
| Property taxes (1.46% a year) | $340 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| PMI | $0 |
| Total per month | $1,960 |
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| Down payment | $9,779 |
|---|---|
| Loan amount | $274,339 |
| Principal and interest | $1,846 |
| Property taxes (1.46% a year) | $340 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| FHA mortgage insurance | $124 |
| Total per month | $2,425 |
Change the numbers in the calculator
Questions about home buying in Cedar Creek
What is the median home value in Cedar Creek?
About $279,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cedar Creek?
Homeowners pay a median $4,075 a year, which is about 1.46% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cedar Creek?
For the median home with 20% down at 7.11%, the payment is about $1,960 a month. Keeping that under 28% of gross income takes about $83,999 a year.
More about Cedar Creek
- Mortgage Refinance in Cedar Creek
- Debt Relief in Cedar Creek
- Home Equity Loans in Cedar Creek
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data