The typical owner-occupied home in Fannin County is worth about $233,700, 18% below the Texas median of $283,800 and 30% below the national median of $332,700. Owners pay a median $2,529 a year in property taxes, about 1.08% of their home's value, lower than the Texas rate of 1.49%. The median household earns $72,295 a year, so the median home costs 3.2 times the median income (3.6 times for Texas). 79% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Fannin County at a glance
| Fannin County | Texas | U.S. | |
|---|---|---|---|
| Median home value | $233,700 | $283,800 | $332,700 |
| Median property tax paid per year | $2,529 | $4,232 | $3,119 |
| Property tax as a share of value | 1.08% | 1.49% | 0.94% |
| Median household income | $72,295 | $78,476 | $80,734 |
| Homes lived in by their owners | 79% | 63% | 65% |
| Owner homes with a mortgage | 46% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,734 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 22.1% | 21.7% | 21.0% |
| Median rent | $1,035 | $1,403 | $1,413 |
| Rent as a share of renters' income | 25.9% | 30.9% | 30.6% |
| Median year homes were built | 1987 | 1992 | 1980 |
| Vacant homes | 13.8% | 9.4% | 10.1% |
| Population | 37,326 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Fannin County
At this week's average 30-year rate of 7.11%, buying the median Fannin County home of $233,700 with 20% down costs about $1,565 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,955, 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 $67,089 for the 20%-down payment. That payment is 26% of the median Fannin County household income of $72,295; at that income and 20% down, the 28% guideline points to a home of about $252,000.
The median rent here is $1,035 a month, so owning the median home costs about $530 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,740 |
|---|---|
| Loan amount | $186,960 |
| Principal and interest | $1,258 |
| Property taxes (1.08% a year) | $210 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,565 |
Change the numbers in the calculator
| Down payment | $8,180 |
|---|---|
| Loan amount | $229,467 |
| Principal and interest | $1,544 |
| Property taxes (1.08% a year) | $210 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $1,955 |
Change the numbers in the calculator
Questions about home buying in Fannin County
What is the median home value in Fannin County?
About $233,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fannin County?
Homeowners pay a median $2,529 a year, which is about 1.08% 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 Fannin County?
For the median home with 20% down at 7.11%, the payment is about $1,565 a month. Keeping that under 28% of gross income takes about $67,089 a year.
More about Fannin County
- Mortgage Refinance in Fannin County
- Debt Relief in Fannin County
- Home Equity Loans in Fannin County
- 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