The typical owner-occupied home in Plum is worth about $230,600, 19% below the Texas median of $283,800 and 31% below the national median of $332,700. Owners pay a median $3,543 a year in property taxes, about 1.54% of their home's value, close to the Texas rate of 1.49%. The median household earns $51,991 a year, so the median home costs 4.4 times the median income (3.6 times for Texas). 100% of occupied homes here are lived in by their owners, and 9% of those owners still have a mortgage.
Plum at a glance
| Plum | Texas | U.S. | |
|---|---|---|---|
| Median home value | $230,600 | $283,800 | $332,700 |
| Median property tax paid per year | $3,543 | $4,232 | $3,119 |
| Property tax as a share of value | 1.54% | 1.49% | 0.94% |
| Median household income | $51,991 | $78,476 | $80,734 |
| Homes lived in by their owners | 100% | 63% | 65% |
| Owner homes with a mortgage | 9% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,106 | $1,963 |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 1989 | 1992 | 1980 |
| Vacant homes | 8.5% | 9.4% | 10.1% |
| Population | 138 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Plum
At this week's average 30-year rate of 7.11%, buying the median Plum home of $230,600 with 20% down costs about $1,633 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,017, 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 $69,987 for the 20%-down payment. That payment is 38% of the median Plum household income of $51,991; at that income and 20% down, the 28% guideline points to a home of about $171,000.
| Down payment | $46,120 |
|---|---|
| Loan amount | $184,480 |
| Principal and interest | $1,241 |
| Property taxes (1.54% a year) | $296 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| PMI | $0 |
| Total per month | $1,633 |
Change the numbers in the calculator
| Down payment | $8,071 |
|---|---|
| Loan amount | $226,423 |
| Principal and interest | $1,523 |
| Property taxes (1.54% a year) | $296 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| FHA mortgage insurance | $102 |
| Total per month | $2,017 |
Change the numbers in the calculator
Questions about home buying in Plum
What is the median home value in Plum?
About $230,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Plum?
Homeowners pay a median $3,543 a year, which is about 1.54% 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 Plum?
For the median home with 20% down at 7.11%, the payment is about $1,633 a month. Keeping that under 28% of gross income takes about $69,987 a year.
More about Plum
- Mortgage Refinance in Plum
- Debt Relief in Plum
- Home Equity Loans in Plum
- 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