The typical owner-occupied home in Smyer is worth about $67,900, 76% below the Texas median of $283,800 and 80% below the national median of $332,700. Owners pay a median $918 a year in property taxes, about 1.35% of their home's value, lower than the Texas rate of 1.49%. The median household earns $45,625 a year, so the median home costs 1.5 times the median income (3.6 times for Texas). 89% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Smyer at a glance
| Smyer | Texas | U.S. | |
|---|---|---|---|
| Median home value | $67,900 | $283,800 | $332,700 |
| Median property tax paid per year | $918 | $4,232 | $3,119 |
| Property tax as a share of value | 1.35% | 1.49% | 0.94% |
| Median household income | $45,625 | $78,476 | $80,734 |
| Homes lived in by their owners | 89% | 63% | 65% |
| Owner homes with a mortgage | 25% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,469 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 30.5% | 21.7% | 21.0% |
| Median rent | $1,292 | $1,403 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.9% | 30.6% |
| Median year homes were built | 1984 | 1992 | 1980 |
| Vacant homes | 23.9% | 9.4% | 10.1% |
| Population | 291 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Smyer
At this week's average 30-year rate of 7.11%, buying the median Smyer home of $67,900 with 20% down costs about $470 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $583, 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 $20,147 for the 20%-down payment. That payment is 12% of the median Smyer household income of $45,625; at that income and 20% down, the 28% guideline points to a home of about $154,000.
The median rent here is $1,292 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,580 |
|---|---|
| Loan amount | $54,320 |
| Principal and interest | $365 |
| Property taxes (1.35% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $470 |
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| Down payment | $2,376 |
|---|---|
| Loan amount | $66,670 |
| Principal and interest | $448 |
| Property taxes (1.35% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $583 |
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Questions about home buying in Smyer
What is the median home value in Smyer?
About $67,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Smyer?
Homeowners pay a median $918 a year, which is about 1.35% 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 Smyer?
For the median home with 20% down at 7.11%, the payment is about $470 a month. Keeping that under 28% of gross income takes about $20,147 a year.
More about Smyer
- Mortgage Refinance in Smyer
- Debt Relief in Smyer
- Home Equity Loans in Smyer
- 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