The typical owner-occupied home in Ransom Canyon is worth about $341,000, 20% above the Texas median of $283,800 and about the same as the national median of $332,700. Owners pay a median $5,487 a year in property taxes, about 1.61% of their home's value, higher than the Texas rate of 1.49%. The median household earns $113,950 a year, so the median home costs 3.0 times the median income (3.6 times for Texas). 98% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Ransom Canyon at a glance
| Ransom Canyon | Texas | U.S. | |
|---|---|---|---|
| Median home value | $341,000 | $283,800 | $332,700 |
| Median property tax paid per year | $5,487 | $4,232 | $3,119 |
| Property tax as a share of value | 1.61% | 1.49% | 0.94% |
| Median household income | $113,950 | $78,476 | $80,734 |
| Homes lived in by their owners | 98% | 63% | 65% |
| Owner homes with a mortgage | 49% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,265 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 23.7% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 1989 | 1992 | 1980 |
| Vacant homes | 13.7% | 9.4% | 10.1% |
| Population | 1,041 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Ransom Canyon
At this week's average 30-year rate of 7.11%, buying the median Ransom Canyon home of $341,000 with 20% down costs about $2,435 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,003, 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 $104,346 for the 20%-down payment. That payment is 26% of the median Ransom Canyon household income of $113,950; at that income and 20% down, the 28% guideline points to a home of about $372,000.
| Down payment | $68,200 |
|---|---|
| Loan amount | $272,800 |
| Principal and interest | $1,835 |
| Property taxes (1.61% a year) | $458 |
| Homeowners insurance (our estimate, 0.5% a year) | $142 |
| PMI | $0 |
| Total per month | $2,435 |
Change the numbers in the calculator
| Down payment | $11,935 |
|---|---|
| Loan amount | $334,824 |
| Principal and interest | $2,252 |
| Property taxes (1.61% a year) | $458 |
| Homeowners insurance (our estimate, 0.5% a year) | $142 |
| FHA mortgage insurance | $151 |
| Total per month | $3,003 |
Change the numbers in the calculator
Questions about home buying in Ransom Canyon
What is the median home value in Ransom Canyon?
About $341,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ransom Canyon?
Homeowners pay a median $5,487 a year, which is about 1.61% 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 Ransom Canyon?
For the median home with 20% down at 7.11%, the payment is about $2,435 a month. Keeping that under 28% of gross income takes about $104,346 a year.
More about Ransom Canyon
- Mortgage Refinance in Ransom Canyon
- Debt Relief in Ransom Canyon
- Home Equity Loans in Ransom Canyon
- 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