The typical owner-occupied home in Blossom is worth about $120,700, 57% below the Texas median of $283,800 and 64% below the national median of $332,700. Owners pay a median $991 a year in property taxes, about 0.82% of their home's value, lower than the Texas rate of 1.49%. The median household earns $55,114 a year, so the median home costs 2.2 times the median income (3.6 times for Texas). 65% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Blossom at a glance
| Blossom | Texas | U.S. | |
|---|---|---|---|
| Median home value | $120,700 | $283,800 | $332,700 |
| Median property tax paid per year | $991 | $4,232 | $3,119 |
| Property tax as a share of value | 0.82% | 1.49% | 0.94% |
| Median household income | $55,114 | $78,476 | $80,734 |
| Homes lived in by their owners | 65% | 63% | 65% |
| Owner homes with a mortgage | 37% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,308 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 29.4% | 21.7% | 21.0% |
| Median rent | $920 | $1,403 | $1,413 |
| Rent as a share of renters' income | 24.0% | 30.9% | 30.6% |
| Median year homes were built | 1984 | 1992 | 1980 |
| Vacant homes | 5.7% | 9.4% | 10.1% |
| Population | 1,393 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Blossom
At this week's average 30-year rate of 7.11%, buying the median Blossom home of $120,700 with 20% down costs about $782 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $983, 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 $33,529 for the 20%-down payment. That payment is 17% of the median Blossom household income of $55,114; at that income and 20% down, the 28% guideline points to a home of about $198,000.
The median rent here is $920 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,140 |
|---|---|
| Loan amount | $96,560 |
| Principal and interest | $650 |
| Property taxes (0.82% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $782 |
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| Down payment | $4,224 |
|---|---|
| Loan amount | $118,514 |
| Principal and interest | $797 |
| Property taxes (0.82% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $983 |
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Questions about home buying in Blossom
What is the median home value in Blossom?
About $120,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Blossom?
Homeowners pay a median $991 a year, which is about 0.82% 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 Blossom?
For the median home with 20% down at 7.11%, the payment is about $782 a month. Keeping that under 28% of gross income takes about $33,529 a year.
More about Blossom
- Mortgage Refinance in Blossom
- Debt Relief in Blossom
- Home Equity Loans in Blossom
- 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