The typical owner-occupied home in Wylie is worth about $387,000, 36% above the Texas median of $283,800 and 16% above the national median of $332,700. Owners pay a median $6,399 a year in property taxes, about 1.65% of their home's value, higher than the Texas rate of 1.49%. The median household earns $119,522 a year, so the median home costs 3.2 times the median income (3.6 times for Texas). 77% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Wylie at a glance
| Wylie | Texas | U.S. | |
|---|---|---|---|
| Median home value | $387,000 | $283,800 | $332,700 |
| Median property tax paid per year | $6,399 | $4,232 | $3,119 |
| Property tax as a share of value | 1.65% | 1.49% | 0.94% |
| Median household income | $119,522 | $78,476 | $80,734 |
| Homes lived in by their owners | 77% | 63% | 65% |
| Owner homes with a mortgage | 74% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,358 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 21.7% | 21.0% |
| Median rent | $2,189 | $1,403 | $1,413 |
| Rent as a share of renters' income | 30.9% | 30.9% | 30.6% |
| Median year homes were built | 2006 | 1992 | 1980 |
| Vacant homes | 4.2% | 9.4% | 10.1% |
| Population | 60,334 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Wylie
At this week's average 30-year rate of 7.11%, buying the median Wylie home of $387,000 with 20% down costs about $2,776 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,421, 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 $118,975 for the 20%-down payment. That payment is 28% of the median Wylie household income of $119,522; at that income and 20% down, the 28% guideline points to a home of about $389,000.
The median rent here is $2,189 a month, so owning the median home costs about $587 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $77,400 |
|---|---|
| Loan amount | $309,600 |
| Principal and interest | $2,083 |
| Property taxes (1.65% a year) | $532 |
| Homeowners insurance (our estimate, 0.5% a year) | $161 |
| PMI | $0 |
| Total per month | $2,776 |
Change the numbers in the calculator
| Down payment | $13,545 |
|---|---|
| Loan amount | $379,990 |
| Principal and interest | $2,556 |
| Property taxes (1.65% a year) | $532 |
| Homeowners insurance (our estimate, 0.5% a year) | $161 |
| FHA mortgage insurance | $171 |
| Total per month | $3,421 |
Change the numbers in the calculator
Questions about home buying in Wylie
What is the median home value in Wylie?
About $387,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wylie?
Homeowners pay a median $6,399 a year, which is about 1.65% 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 Wylie?
For the median home with 20% down at 7.11%, the payment is about $2,776 a month. Keeping that under 28% of gross income takes about $118,975 a year.
More about Wylie
- Mortgage Refinance in Wylie
- Debt Relief in Wylie
- Home Equity Loans in Wylie
- 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