The typical owner-occupied home in Joshua is worth about $338,100, 19% above the Texas median of $283,800 and about the same as the national median of $332,700. Owners pay a median $5,726 a year in property taxes, about 1.69% of their home's value, higher than the Texas rate of 1.49%. The median household earns $68,117 a year, so the median home costs 5.0 times the median income (3.6 times for Texas). 63% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Joshua at a glance
| Joshua | Texas | U.S. | |
|---|---|---|---|
| Median home value | $338,100 | $283,800 | $332,700 |
| Median property tax paid per year | $5,726 | $4,232 | $3,119 |
| Property tax as a share of value | 1.69% | 1.49% | 0.94% |
| Median household income | $68,117 | $78,476 | $80,734 |
| Homes lived in by their owners | 63% | 63% | 65% |
| Owner homes with a mortgage | 73% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,237 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 21.7% | 21.0% |
| Median rent | $1,361 | $1,403 | $1,413 |
| Rent as a share of renters' income | 39.6% | 30.9% | 30.6% |
| Median year homes were built | 1997 | 1992 | 1980 |
| Vacant homes | 7.3% | 9.4% | 10.1% |
| Population | 8,550 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Joshua
At this week's average 30-year rate of 7.11%, buying the median Joshua home of $338,100 with 20% down costs about $2,437 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,000, 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 $104,424 for the 20%-down payment. That payment is 43% of the median Joshua household income of $68,117; at that income and 20% down, the 28% guideline points to a home of about $221,000.
The median rent here is $1,361 a month, so owning the median home costs about $1,076 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $67,620 |
|---|---|
| Loan amount | $270,480 |
| Principal and interest | $1,820 |
| Property taxes (1.69% a year) | $476 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| PMI | $0 |
| Total per month | $2,437 |
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| Down payment | $11,834 |
|---|---|
| Loan amount | $331,976 |
| Principal and interest | $2,233 |
| Property taxes (1.69% a year) | $476 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| FHA mortgage insurance | $150 |
| Total per month | $3,000 |
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Questions about home buying in Joshua
What is the median home value in Joshua?
About $338,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Joshua?
Homeowners pay a median $5,726 a year, which is about 1.69% 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 Joshua?
For the median home with 20% down at 7.11%, the payment is about $2,437 a month. Keeping that under 28% of gross income takes about $104,424 a year.
More about Joshua
- Mortgage Refinance in Joshua
- Debt Relief in Joshua
- Home Equity Loans in Joshua
- 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