The typical owner-occupied home in Leroy is worth about $193,800, 32% below the Texas median of $283,800 and 42% below the national median of $332,700. Owners pay a median $2,660 a year in property taxes, about 1.37% of their home's value, lower than the Texas rate of 1.49%. The median household earns $82,708 a year, so the median home costs 2.3 times the median income (3.6 times for Texas). 85% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Leroy at a glance
| Leroy | Texas | U.S. | |
|---|---|---|---|
| Median home value | $193,800 | $283,800 | $332,700 |
| Median property tax paid per year | $2,660 | $4,232 | $3,119 |
| Property tax as a share of value | 1.37% | 1.49% | 0.94% |
| Median household income | $82,708 | $78,476 | $80,734 |
| Homes lived in by their owners | 85% | 63% | 65% |
| Owner homes with a mortgage | 39% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,848 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 29.7% | 21.7% | 21.0% |
| Median rent | $735 | $1,403 | $1,413 |
| Rent as a share of renters' income | 13.8% | 30.9% | 30.6% |
| Median year homes were built | 1979 | 1992 | 1980 |
| Vacant homes | 5.9% | 9.4% | 10.1% |
| Population | 458 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Leroy
At this week's average 30-year rate of 7.11%, buying the median Leroy home of $193,800 with 20% down costs about $1,345 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,668, 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 $57,642 for the 20%-down payment. That payment is 20% of the median Leroy household income of $82,708; at that income and 20% down, the 28% guideline points to a home of about $278,000.
The median rent here is $735 a month, so owning the median home costs about $610 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $38,760 |
|---|---|
| Loan amount | $155,040 |
| Principal and interest | $1,043 |
| Property taxes (1.37% a year) | $221 |
| Homeowners insurance (our estimate, 0.5% a year) | $81 |
| PMI | $0 |
| Total per month | $1,345 |
Change the numbers in the calculator
| Down payment | $6,783 |
|---|---|
| Loan amount | $190,290 |
| Principal and interest | $1,280 |
| Property taxes (1.37% a year) | $221 |
| Homeowners insurance (our estimate, 0.5% a year) | $81 |
| FHA mortgage insurance | $86 |
| Total per month | $1,668 |
Change the numbers in the calculator
Questions about home buying in Leroy
What is the median home value in Leroy?
About $193,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Leroy?
Homeowners pay a median $2,660 a year, which is about 1.37% 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 Leroy?
For the median home with 20% down at 7.11%, the payment is about $1,345 a month. Keeping that under 28% of gross income takes about $57,642 a year.
More about Leroy
- Mortgage Refinance in Leroy
- Debt Relief in Leroy
- Home Equity Loans in Leroy
- 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