The typical owner-occupied home in Petty is worth about $227,300, 20% below the Texas median of $283,800 and 32% below the national median of $332,700. Owners pay a median $1,800 a year in property taxes, about 0.79% of their home's value, lower than the Texas rate of 1.49%. The median household earns $105,625 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 20% of those owners still have a mortgage.
Petty at a glance
| Petty | Texas | U.S. | |
|---|---|---|---|
| Median home value | $227,300 | $283,800 | $332,700 |
| Median property tax paid per year | $1,800 | $4,232 | $3,119 |
| Property tax as a share of value | 0.79% | 1.49% | 0.94% |
| Median household income | $105,625 | $78,476 | $80,734 |
| Homes lived in by their owners | 65% | 63% | 65% |
| Owner homes with a mortgage | 20% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,106 | $1,963 |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 2000 | 1992 | 1980 |
| Vacant homes | 27.0% | 9.4% | 10.1% |
| Population | 213 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Petty
At this week's average 30-year rate of 7.11%, buying the median Petty home of $227,300 with 20% down costs about $1,468 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,846, 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 $62,897 for the 20%-down payment. That payment is 17% of the median Petty household income of $105,625; at that income and 20% down, the 28% guideline points to a home of about $382,000.
| Down payment | $45,460 |
|---|---|
| Loan amount | $181,840 |
| Principal and interest | $1,223 |
| Property taxes (0.79% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,468 |
Change the numbers in the calculator
| Down payment | $7,956 |
|---|---|
| Loan amount | $223,183 |
| Principal and interest | $1,501 |
| Property taxes (0.79% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $1,846 |
Change the numbers in the calculator
Questions about home buying in Petty
What is the median home value in Petty?
About $227,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Petty?
Homeowners pay a median $1,800 a year, which is about 0.79% 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 Petty?
For the median home with 20% down at 7.11%, the payment is about $1,468 a month. Keeping that under 28% of gross income takes about $62,897 a year.
More about Petty
- Mortgage Refinance in Petty
- Debt Relief in Petty
- Home Equity Loans in Petty
- 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