The typical owner-occupied home in Weslaco is worth about $140,000, 51% below the Texas median of $283,800 and 58% below the national median of $332,700. Owners pay a median $2,378 a year in property taxes, about 1.70% of their home's value, higher than the Texas rate of 1.49%. The median household earns $59,551 a year, so the median home costs 2.4 times the median income (3.6 times for Texas). 56% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Weslaco at a glance
| Weslaco | Texas | U.S. | |
|---|---|---|---|
| Median home value | $140,000 | $283,800 | $332,700 |
| Median property tax paid per year | $2,378 | $4,232 | $3,119 |
| Property tax as a share of value | 1.70% | 1.49% | 0.94% |
| Median household income | $59,551 | $78,476 | $80,734 |
| Homes lived in by their owners | 56% | 63% | 65% |
| Owner homes with a mortgage | 46% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,543 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 21.2% | 21.7% | 21.0% |
| Median rent | $967 | $1,403 | $1,413 |
| Rent as a share of renters' income | 29.1% | 30.9% | 30.6% |
| Median year homes were built | 1995 | 1992 | 1980 |
| Vacant homes | 18.2% | 9.4% | 10.1% |
| Population | 42,229 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Weslaco
At this week's average 30-year rate of 7.11%, buying the median Weslaco home of $140,000 with 20% down costs about $1,010 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,243, 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 $43,290 for the 20%-down payment. That payment is 20% of the median Weslaco household income of $59,551; at that income and 20% down, the 28% guideline points to a home of about $193,000.
The median rent here is $967 a month, so owning the median home costs about $43 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,000 |
|---|---|
| Loan amount | $112,000 |
| Principal and interest | $753 |
| Property taxes (1.70% a year) | $198 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| PMI | $0 |
| Total per month | $1,010 |
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| Down payment | $4,900 |
|---|---|
| Loan amount | $137,464 |
| Principal and interest | $925 |
| Property taxes (1.70% a year) | $198 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| FHA mortgage insurance | $62 |
| Total per month | $1,243 |
Change the numbers in the calculator
Questions about home buying in Weslaco
What is the median home value in Weslaco?
About $140,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Weslaco?
Homeowners pay a median $2,378 a year, which is about 1.70% 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 Weslaco?
For the median home with 20% down at 7.11%, the payment is about $1,010 a month. Keeping that under 28% of gross income takes about $43,290 a year.
More about Weslaco
- Mortgage Refinance in Weslaco
- Debt Relief in Weslaco
- Home Equity Loans in Weslaco
- 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