The typical owner-occupied home in Macdona is worth about $175,000, 38% below the Texas median of $283,800 and 47% below the national median of $332,700. The median household earns $83,500 a year, so the median home costs 2.1 times the median income (3.6 times for Texas). 79% of occupied homes here are lived in by their owners, and 13% of those owners still have a mortgage.
Macdona at a glance
| Macdona | Texas | U.S. | |
|---|---|---|---|
| Median home value | $175,000 | $283,800 | $332,700 |
| Median property tax paid per year | – | $4,232 | $3,119 |
| Median household income | $83,500 | $78,476 | $80,734 |
| Homes lived in by their owners | 79% | 63% | 65% |
| Owner homes with a mortgage | 13% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,106 | $1,963 |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 1980 | 1992 | 1980 |
| Vacant homes | 15.6% | 9.4% | 10.1% |
| Population | 349 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Macdona
At this week's average 30-year rate of 7.11%, buying the median Macdona home of $175,000 with 20% down costs about $1,175 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,467, 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 $50,362 for the 20%-down payment. That payment is 17% of the median Macdona household income of $83,500; at that income and 20% down, the 28% guideline points to a home of about $290,000.
| Down payment | $35,000 |
|---|---|
| Loan amount | $140,000 |
| Principal and interest | $942 |
| Property taxes (1.10% a year) | $160 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,175 |
Change the numbers in the calculator
| Down payment | $6,125 |
|---|---|
| Loan amount | $171,830 |
| Principal and interest | $1,156 |
| Property taxes (1.10% a year) | $160 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $77 |
| Total per month | $1,467 |
Change the numbers in the calculator
Questions about home buying in Macdona
What is the median home value in Macdona?
About $175,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Macdona?
For the median home with 20% down at 7.11%, the payment is about $1,175 a month. Keeping that under 28% of gross income takes about $50,362 a year.
More about Macdona
- Mortgage Refinance in Macdona
- Debt Relief in Macdona
- Home Equity Loans in Macdona
- 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