The typical owner-occupied home in Marathon is worth about $240,000, 15% below the Texas median of $283,800 and 28% below the national median of $332,700. Owners pay a median $1,629 a year in property taxes, about 0.68% of their home's value, lower than the Texas rate of 1.49%. The median household earns $45,635 a year, so the median home costs 5.3 times the median income (3.6 times for Texas). 63% of occupied homes here are lived in by their owners, and 5% of those owners still have a mortgage.
Marathon at a glance
| Marathon | Texas | U.S. | |
|---|---|---|---|
| Median home value | $240,000 | $283,800 | $332,700 |
| Median property tax paid per year | $1,629 | $4,232 | $3,119 |
| Property tax as a share of value | 0.68% | 1.49% | 0.94% |
| Median household income | $45,635 | $78,476 | $80,734 |
| Homes lived in by their owners | 63% | 63% | 65% |
| Owner homes with a mortgage | 5% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,106 | $1,963 |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 1950 | 1992 | 1980 |
| Vacant homes | 41.9% | 9.4% | 10.1% |
| Population | 283 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Marathon
At this week's average 30-year rate of 7.11%, buying the median Marathon home of $240,000 with 20% down costs about $1,528 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,927, 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 $65,469 for the 20%-down payment. That payment is 40% of the median Marathon household income of $45,635; at that income and 20% down, the 28% guideline points to a home of about $167,000.
| Down payment | $48,000 |
|---|---|
| Loan amount | $192,000 |
| Principal and interest | $1,292 |
| Property taxes (0.68% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| PMI | $0 |
| Total per month | $1,528 |
Change the numbers in the calculator
| Down payment | $8,400 |
|---|---|
| Loan amount | $235,653 |
| Principal and interest | $1,585 |
| Property taxes (0.68% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| FHA mortgage insurance | $106 |
| Total per month | $1,927 |
Change the numbers in the calculator
Questions about home buying in Marathon
What is the median home value in Marathon?
About $240,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Marathon?
Homeowners pay a median $1,629 a year, which is about 0.68% 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 Marathon?
For the median home with 20% down at 7.11%, the payment is about $1,528 a month. Keeping that under 28% of gross income takes about $65,469 a year.
More about Marathon
- Mortgage Refinance in Marathon
- Debt Relief in Marathon
- Home Equity Loans in Marathon
- 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