The typical owner-occupied home in Bullard is worth about $247,100, 13% below the Texas median of $283,800 and 26% below the national median of $332,700. Owners pay a median $4,748 a year in property taxes, about 1.92% of their home's value, higher than the Texas rate of 1.49%. The median household earns $118,860 a year, so the median home costs 2.1 times the median income (3.6 times for Texas). 86% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Bullard at a glance
| Bullard | Texas | U.S. | |
|---|---|---|---|
| Median home value | $247,100 | $283,800 | $332,700 |
| Median property tax paid per year | $4,748 | $4,232 | $3,119 |
| Property tax as a share of value | 1.92% | 1.49% | 0.94% |
| Median household income | $118,860 | $78,476 | $80,734 |
| Homes lived in by their owners | 86% | 63% | 65% |
| Owner homes with a mortgage | 78% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,882 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 15.7% | 21.7% | 21.0% |
| Median rent | $1,471 | $1,403 | $1,413 |
| Rent as a share of renters' income | 33.1% | 30.9% | 30.6% |
| Median year homes were built | 2006 | 1992 | 1980 |
| Vacant homes | 7.6% | 9.4% | 10.1% |
| Population | 4,346 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Bullard
At this week's average 30-year rate of 7.11%, buying the median Bullard home of $247,100 with 20% down costs about $1,828 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,240, 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 $78,348 for the 20%-down payment. That payment is 18% of the median Bullard household income of $118,860; at that income and 20% down, the 28% guideline points to a home of about $375,000.
The median rent here is $1,471 a month, so owning the median home costs about $357 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $49,420 |
|---|---|
| Loan amount | $197,680 |
| Principal and interest | $1,330 |
| Property taxes (1.92% a year) | $395 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| PMI | $0 |
| Total per month | $1,828 |
Change the numbers in the calculator
| Down payment | $8,648 |
|---|---|
| Loan amount | $242,624 |
| Principal and interest | $1,632 |
| Property taxes (1.92% a year) | $395 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| FHA mortgage insurance | $109 |
| Total per month | $2,240 |
Change the numbers in the calculator
Questions about home buying in Bullard
What is the median home value in Bullard?
About $247,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bullard?
Homeowners pay a median $4,748 a year, which is about 1.92% 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 Bullard?
For the median home with 20% down at 7.11%, the payment is about $1,828 a month. Keeping that under 28% of gross income takes about $78,348 a year.
More about Bullard
- Mortgage Refinance in Bullard
- Debt Relief in Bullard
- Home Equity Loans in Bullard
- 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