The typical owner-occupied home in Anderson is worth about $216,200, 24% below the Texas median of $283,800 and 35% below the national median of $332,700. Owners pay a median $2,200 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 $85,000 a year, so the median home costs 2.5 times the median income (3.6 times for Texas). 84% of occupied homes here are lived in by their owners, and 27% of those owners still have a mortgage.
Anderson at a glance
| Anderson | Texas | U.S. | |
|---|---|---|---|
| Median home value | $216,200 | $283,800 | $332,700 |
| Median property tax paid per year | $2,200 | $4,232 | $3,119 |
| Property tax as a share of value | 1.02% | 1.49% | 0.94% |
| Median household income | $85,000 | $78,476 | $80,734 |
| Homes lived in by their owners | 84% | 63% | 65% |
| Owner homes with a mortgage | 27% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,917 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 13.3% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Rent as a share of renters' income | 21.7% | 30.9% | 30.6% |
| Median year homes were built | 2003 | 1992 | 1980 |
| Vacant homes | 50.0% | 9.4% | 10.1% |
| Population | 202 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Anderson
At this week's average 30-year rate of 7.11%, buying the median Anderson home of $216,200 with 20% down costs about $1,437 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,798, 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 $61,601 for the 20%-down payment. That payment is 20% of the median Anderson household income of $85,000; at that income and 20% down, the 28% guideline points to a home of about $298,000.
| Down payment | $43,240 |
|---|---|
| Loan amount | $172,960 |
| Principal and interest | $1,164 |
| Property taxes (1.02% a year) | $184 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,437 |
Change the numbers in the calculator
| Down payment | $7,567 |
|---|---|
| Loan amount | $212,284 |
| Principal and interest | $1,428 |
| Property taxes (1.02% a year) | $184 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $1,798 |
Change the numbers in the calculator
Questions about home buying in Anderson
What is the median home value in Anderson?
About $216,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Anderson?
Homeowners pay a median $2,200 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 Anderson?
For the median home with 20% down at 7.11%, the payment is about $1,437 a month. Keeping that under 28% of gross income takes about $61,601 a year.
More about Anderson
- Mortgage Refinance in Anderson
- Debt Relief in Anderson
- Home Equity Loans in Anderson
- 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