The typical owner-occupied home in Zephyr is worth about $139,100, 51% below the Texas median of $283,800 and 58% below the national median of $332,700. Owners pay a median $1,171 a year in property taxes, about 0.84% of their home's value, lower than the Texas rate of 1.49%. The median household earns $47,917 a year, so the median home costs 2.9 times the median income (3.6 times for Texas). 68% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Zephyr at a glance
| Zephyr | Texas | U.S. | |
|---|---|---|---|
| Median home value | $139,100 | $283,800 | $332,700 |
| Median property tax paid per year | $1,171 | $4,232 | $3,119 |
| Property tax as a share of value | 0.84% | 1.49% | 0.94% |
| Median household income | $47,917 | $78,476 | $80,734 |
| Homes lived in by their owners | 68% | 63% | 65% |
| Owner homes with a mortgage | 42% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,391 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 17.3% | 21.7% | 21.0% |
| Median rent | $850 | $1,403 | $1,413 |
| Rent as a share of renters' income | 32.5% | 30.9% | 30.6% |
| Median year homes were built | 1980 | 1992 | 1980 |
| Vacant homes | 18.6% | 9.4% | 10.1% |
| Population | 244 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Zephyr
At this week's average 30-year rate of 7.11%, buying the median Zephyr home of $139,100 with 20% down costs about $904 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,136, 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 $38,739 for the 20%-down payment. That payment is 23% of the median Zephyr household income of $47,917; at that income and 20% down, the 28% guideline points to a home of about $172,000.
The median rent here is $850 a month, so owning the median home costs about $54 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,820 |
|---|---|
| Loan amount | $111,280 |
| Principal and interest | $749 |
| Property taxes (0.84% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| PMI | $0 |
| Total per month | $904 |
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| Down payment | $4,868 |
|---|---|
| Loan amount | $136,581 |
| Principal and interest | $919 |
| Property taxes (0.84% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| FHA mortgage insurance | $62 |
| Total per month | $1,136 |
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Questions about home buying in Zephyr
What is the median home value in Zephyr?
About $139,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Zephyr?
Homeowners pay a median $1,171 a year, which is about 0.84% 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 Zephyr?
For the median home with 20% down at 7.11%, the payment is about $904 a month. Keeping that under 28% of gross income takes about $38,739 a year.
More about Zephyr
- Mortgage Refinance in Zephyr
- Debt Relief in Zephyr
- Home Equity Loans in Zephyr
- 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