The typical owner-occupied home in Balch Springs is worth about $224,400, 21% below the Texas median of $283,800 and 33% below the national median of $332,700. Owners pay a median $3,233 a year in property taxes, about 1.44% of their home's value, close to the Texas rate of 1.49%. The median household earns $66,942 a year, so the median home costs 3.4 times the median income (3.6 times for Texas). 65% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Balch Springs at a glance
| Balch Springs | Texas | U.S. | |
|---|---|---|---|
| Median home value | $224,400 | $283,800 | $332,700 |
| Median property tax paid per year | $3,233 | $4,232 | $3,119 |
| Property tax as a share of value | 1.44% | 1.49% | 0.94% |
| Median household income | $66,942 | $78,476 | $80,734 |
| Homes lived in by their owners | 65% | 63% | 65% |
| Owner homes with a mortgage | 51% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,705 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 27.7% | 21.7% | 21.0% |
| Median rent | $1,378 | $1,403 | $1,413 |
| Rent as a share of renters' income | 33.8% | 30.9% | 30.6% |
| Median year homes were built | 1990 | 1992 | 1980 |
| Vacant homes | 9.5% | 9.4% | 10.1% |
| Population | 27,255 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Balch Springs
At this week's average 30-year rate of 7.11%, buying the median Balch Springs home of $224,400 with 20% down costs about $1,570 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,944, 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 $67,304 for the 20%-down payment. That payment is 28% of the median Balch Springs household income of $66,942; at that income and 20% down, the 28% guideline points to a home of about $223,000.
The median rent here is $1,378 a month, so owning the median home costs about $192 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $44,880 |
|---|---|
| Loan amount | $179,520 |
| Principal and interest | $1,208 |
| Property taxes (1.44% a year) | $269 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| PMI | $0 |
| Total per month | $1,570 |
Change the numbers in the calculator
| Down payment | $7,854 |
|---|---|
| Loan amount | $220,336 |
| Principal and interest | $1,482 |
| Property taxes (1.44% a year) | $269 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| FHA mortgage insurance | $99 |
| Total per month | $1,944 |
Change the numbers in the calculator
Questions about home buying in Balch Springs
What is the median home value in Balch Springs?
About $224,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Balch Springs?
Homeowners pay a median $3,233 a year, which is about 1.44% 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 Balch Springs?
For the median home with 20% down at 7.11%, the payment is about $1,570 a month. Keeping that under 28% of gross income takes about $67,304 a year.
More about Balch Springs
- Mortgage Refinance in Balch Springs
- Debt Relief in Balch Springs
- Home Equity Loans in Balch Springs
- 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