The typical owner-occupied home in Nixon is worth about $74,900, 74% below the Texas median of $283,800 and 77% below the national median of $332,700. Owners pay a median $930 a year in property taxes, about 1.24% of their home's value, lower than the Texas rate of 1.49%. The median household earns $37,838 a year, so the median home costs 2.0 times the median income (3.6 times for Texas). 67% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Nixon at a glance
| Nixon | Texas | U.S. | |
|---|---|---|---|
| Median home value | $74,900 | $283,800 | $332,700 |
| Median property tax paid per year | $930 | $4,232 | $3,119 |
| Property tax as a share of value | 1.24% | 1.49% | 0.94% |
| Median household income | $37,838 | $78,476 | $80,734 |
| Homes lived in by their owners | 67% | 63% | 65% |
| Owner homes with a mortgage | 29% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $949 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 13.3% | 21.7% | 21.0% |
| Median rent | $845 | $1,403 | $1,413 |
| Rent as a share of renters' income | 24.8% | 30.9% | 30.6% |
| Median year homes were built | 1980 | 1992 | 1980 |
| Vacant homes | 11.3% | 9.4% | 10.1% |
| Population | 2,231 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Nixon
At this week's average 30-year rate of 7.11%, buying the median Nixon home of $74,900 with 20% down costs about $512 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $636, 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 $21,930 for the 20%-down payment. That payment is 16% of the median Nixon household income of $37,838; at that income and 20% down, the 28% guideline points to a home of about $129,000.
The median rent here is $845 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,980 |
|---|---|
| Loan amount | $59,920 |
| Principal and interest | $403 |
| Property taxes (1.24% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $512 |
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| Down payment | $2,622 |
|---|---|
| Loan amount | $73,543 |
| Principal and interest | $495 |
| Property taxes (1.24% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $636 |
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Questions about home buying in Nixon
What is the median home value in Nixon?
About $74,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nixon?
Homeowners pay a median $930 a year, which is about 1.24% 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 Nixon?
For the median home with 20% down at 7.11%, the payment is about $512 a month. Keeping that under 28% of gross income takes about $21,930 a year.
More about Nixon
- Mortgage Refinance in Nixon
- Debt Relief in Nixon
- Home Equity Loans in Nixon
- 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