The typical owner-occupied home in Turkey is worth about $99,300, 65% below the Texas median of $283,800 and 70% below the national median of $332,700. Owners pay a median $1,508 a year in property taxes, about 1.52% of their home's value, close to the Texas rate of 1.49%. The median household earns $49,450 a year, so the median home costs 2.0 times the median income (3.6 times for Texas). 77% of occupied homes here are lived in by their owners, and 3% of those owners still have a mortgage.
Turkey at a glance
| Turkey | Texas | U.S. | |
|---|---|---|---|
| Median home value | $99,300 | $283,800 | $332,700 |
| Median property tax paid per year | $1,508 | $4,232 | $3,119 |
| Property tax as a share of value | 1.52% | 1.49% | 0.94% |
| Median household income | $49,450 | $78,476 | $80,734 |
| Homes lived in by their owners | 77% | 63% | 65% |
| Owner homes with a mortgage | 3% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,106 | $1,963 |
| Median rent | $554 | $1,403 | $1,413 |
| Rent as a share of renters' income | 18.2% | 30.9% | 30.6% |
| Median year homes were built | 1957 | 1992 | 1980 |
| Vacant homes | 55.5% | 9.4% | 10.1% |
| Population | 274 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Turkey
At this week's average 30-year rate of 7.11%, buying the median Turkey home of $99,300 with 20% down costs about $702 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $867, 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 $30,067 for the 20%-down payment. That payment is 17% of the median Turkey household income of $49,450; at that income and 20% down, the 28% guideline points to a home of about $163,000.
The median rent here is $554 a month, so owning the median home costs about $148 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $19,860 |
|---|---|
| Loan amount | $79,440 |
| Principal and interest | $534 |
| Property taxes (1.52% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $702 |
Change the numbers in the calculator
| Down payment | $3,476 |
|---|---|
| Loan amount | $97,501 |
| Principal and interest | $656 |
| Property taxes (1.52% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $867 |
Change the numbers in the calculator
Questions about home buying in Turkey
What is the median home value in Turkey?
About $99,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Turkey?
Homeowners pay a median $1,508 a year, which is about 1.52% 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 Turkey?
For the median home with 20% down at 7.11%, the payment is about $702 a month. Keeping that under 28% of gross income takes about $30,067 a year.
More about Turkey
- Mortgage Refinance in Turkey
- Debt Relief in Turkey
- Home Equity Loans in Turkey
- 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