The typical owner-occupied home in Lovelady is worth about $126,800, 55% below the Texas median of $283,800 and 62% below the national median of $332,700. Owners pay a median $989 a year in property taxes, about 0.78% of their home's value, lower than the Texas rate of 1.49%. The median household earns $47,500 a year, so the median home costs 2.7 times the median income (3.6 times for Texas). 82% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Lovelady at a glance
| Lovelady | Texas | U.S. | |
|---|---|---|---|
| Median home value | $126,800 | $283,800 | $332,700 |
| Median property tax paid per year | $989 | $4,232 | $3,119 |
| Property tax as a share of value | 0.78% | 1.49% | 0.94% |
| Median household income | $47,500 | $78,476 | $80,734 |
| Homes lived in by their owners | 82% | 63% | 65% |
| Owner homes with a mortgage | 51% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,367 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 15.7% | 21.7% | 21.0% |
| Median rent | $1,063 | $1,403 | $1,413 |
| Rent as a share of renters' income | 30.8% | 30.9% | 30.6% |
| Median year homes were built | 1978 | 1992 | 1980 |
| Vacant homes | 21.5% | 9.4% | 10.1% |
| Population | 490 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Lovelady
At this week's average 30-year rate of 7.11%, buying the median Lovelady home of $126,800 with 20% down costs about $818 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,029, 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 $35,042 for the 20%-down payment. That payment is 21% of the median Lovelady household income of $47,500; at that income and 20% down, the 28% guideline points to a home of about $172,000.
The median rent here is $1,063 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $25,360 |
|---|---|
| Loan amount | $101,440 |
| Principal and interest | $682 |
| Property taxes (0.78% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $53 |
| PMI | $0 |
| Total per month | $818 |
Change the numbers in the calculator
| Down payment | $4,438 |
|---|---|
| Loan amount | $124,503 |
| Principal and interest | $838 |
| Property taxes (0.78% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $53 |
| FHA mortgage insurance | $56 |
| Total per month | $1,029 |
Change the numbers in the calculator
Questions about home buying in Lovelady
What is the median home value in Lovelady?
About $126,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lovelady?
Homeowners pay a median $989 a year, which is about 0.78% 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 Lovelady?
For the median home with 20% down at 7.11%, the payment is about $818 a month. Keeping that under 28% of gross income takes about $35,042 a year.
More about Lovelady
- Mortgage Refinance in Lovelady
- Debt Relief in Lovelady
- Home Equity Loans in Lovelady
- 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