The typical owner-occupied home in Grimes County is worth about $237,400, 16% below the Texas median of $283,800 and 29% below the national median of $332,700. Owners pay a median $2,414 a year in property taxes, about 1.02% of their home's value, lower than the Texas rate of 1.49%. The median household earns $69,803 a year, so the median home costs 3.4 times the median income (3.6 times for Texas). 80% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Grimes County at a glance
| Grimes County | Texas | U.S. | |
|---|---|---|---|
| Median home value | $237,400 | $283,800 | $332,700 |
| Median property tax paid per year | $2,414 | $4,232 | $3,119 |
| Property tax as a share of value | 1.02% | 1.49% | 0.94% |
| Median household income | $69,803 | $78,476 | $80,734 |
| Homes lived in by their owners | 80% | 63% | 65% |
| Owner homes with a mortgage | 43% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,681 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 22.6% | 21.7% | 21.0% |
| Median rent | $1,069 | $1,403 | $1,413 |
| Rent as a share of renters' income | 26.8% | 30.9% | 30.6% |
| Median year homes were built | 1997 | 1992 | 1980 |
| Vacant homes | 17.0% | 9.4% | 10.1% |
| Population | 31,340 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Grimes County
At this week's average 30-year rate of 7.11%, buying the median Grimes County home of $237,400 with 20% down costs about $1,578 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,974, 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 $67,642 for the 20%-down payment. That payment is 27% of the median Grimes County household income of $69,803; at that income and 20% down, the 28% guideline points to a home of about $245,000.
The median rent here is $1,069 a month, so owning the median home costs about $509 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $47,480 |
|---|---|
| Loan amount | $189,920 |
| Principal and interest | $1,278 |
| Property taxes (1.02% a year) | $202 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| PMI | $0 |
| Total per month | $1,578 |
Change the numbers in the calculator
| Down payment | $8,309 |
|---|---|
| Loan amount | $233,100 |
| Principal and interest | $1,568 |
| Property taxes (1.02% a year) | $202 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| FHA mortgage insurance | $105 |
| Total per month | $1,974 |
Change the numbers in the calculator
Questions about home buying in Grimes County
What is the median home value in Grimes County?
About $237,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grimes County?
Homeowners pay a median $2,414 a year, which is about 1.02% 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 Grimes County?
For the median home with 20% down at 7.11%, the payment is about $1,578 a month. Keeping that under 28% of gross income takes about $67,642 a year.
More about Grimes County
- Mortgage Refinance in Grimes County
- Debt Relief in Grimes County
- Home Equity Loans in Grimes 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