The typical owner-occupied home in Markham is worth about $137,600, 52% below the Texas median of $283,800 and 59% below the national median of $332,700. Owners pay a median $1,647 a year in property taxes, about 1.20% of their home's value, lower than the Texas rate of 1.49%. The median household earns $68,536 a year, so the median home costs 2.0 times the median income (3.6 times for Texas). 100% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Markham at a glance
| Markham | Texas | U.S. | |
|---|---|---|---|
| Median home value | $137,600 | $283,800 | $332,700 |
| Median property tax paid per year | $1,647 | $4,232 | $3,119 |
| Property tax as a share of value | 1.20% | 1.49% | 0.94% |
| Median household income | $68,536 | $78,476 | $80,734 |
| Homes lived in by their owners | 100% | 63% | 65% |
| Owner homes with a mortgage | 39% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,035 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 1988 | 1992 | 1980 |
| Vacant homes | 10.1% | 9.4% | 10.1% |
| Population | 873 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Markham
At this week's average 30-year rate of 7.11%, buying the median Markham home of $137,600 with 20% down costs about $935 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,165, 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 $40,091 for the 20%-down payment. That payment is 16% of the median Markham household income of $68,536; at that income and 20% down, the 28% guideline points to a home of about $235,000.
| Down payment | $27,520 |
|---|---|
| Loan amount | $110,080 |
| Principal and interest | $741 |
| Property taxes (1.20% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $935 |
Change the numbers in the calculator
| Down payment | $4,816 |
|---|---|
| Loan amount | $135,108 |
| Principal and interest | $909 |
| Property taxes (1.20% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $61 |
| Total per month | $1,165 |
Change the numbers in the calculator
Questions about home buying in Markham
What is the median home value in Markham?
About $137,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Markham?
Homeowners pay a median $1,647 a year, which is about 1.20% 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 Markham?
For the median home with 20% down at 7.11%, the payment is about $935 a month. Keeping that under 28% of gross income takes about $40,091 a year.
More about Markham
- Mortgage Refinance in Markham
- Debt Relief in Markham
- Home Equity Loans in Markham
- 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