The typical owner-occupied home in La Grange is worth about $338,700, 19% above the Texas median of $283,800 and about the same as the national median of $332,700. Owners pay a median $3,244 a year in property taxes, about 0.96% of their home's value, lower than the Texas rate of 1.49%. The median household earns $53,547 a year, so the median home costs 6.3 times the median income (3.6 times for Texas). 55% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
La Grange at a glance
| La Grange | Texas | U.S. | |
|---|---|---|---|
| Median home value | $338,700 | $283,800 | $332,700 |
| Median property tax paid per year | $3,244 | $4,232 | $3,119 |
| Property tax as a share of value | 0.96% | 1.49% | 0.94% |
| Median household income | $53,547 | $78,476 | $80,734 |
| Homes lived in by their owners | 55% | 63% | 65% |
| Owner homes with a mortgage | 51% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,884 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 25.2% | 21.7% | 21.0% |
| Median rent | $929 | $1,403 | $1,413 |
| Rent as a share of renters' income | 31.6% | 30.9% | 30.6% |
| Median year homes were built | 1972 | 1992 | 1980 |
| Vacant homes | 18.3% | 9.4% | 10.1% |
| Population | 4,452 | 30,188,424 | 334,922,499 |
What a typical home costs per month in La Grange
At this week's average 30-year rate of 7.11%, buying the median La Grange home of $338,700 with 20% down costs about $2,235 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,799, 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 $95,780 for the 20%-down payment. That payment is 50% of the median La Grange household income of $53,547; at that income and 20% down, the 28% guideline points to a home of about $189,000.
The median rent here is $929 a month, so owning the median home costs about $1,306 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $67,740 |
|---|---|
| Loan amount | $270,960 |
| Principal and interest | $1,823 |
| Property taxes (0.96% a year) | $271 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| PMI | $0 |
| Total per month | $2,235 |
Change the numbers in the calculator
| Down payment | $11,854 |
|---|---|
| Loan amount | $332,565 |
| Principal and interest | $2,237 |
| Property taxes (0.96% a year) | $271 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| FHA mortgage insurance | $150 |
| Total per month | $2,799 |
Change the numbers in the calculator
Questions about home buying in La Grange
What is the median home value in La Grange?
About $338,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in La Grange?
Homeowners pay a median $3,244 a year, which is about 0.96% 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 La Grange?
For the median home with 20% down at 7.11%, the payment is about $2,235 a month. Keeping that under 28% of gross income takes about $95,780 a year.
More about La Grange
- Mortgage Refinance in La Grange
- Debt Relief in La Grange
- Home Equity Loans in La Grange
- 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