The typical owner-occupied home in Menard County is worth about $108,500, 62% below the Texas median of $283,800 and 67% below the national median of $332,700. Owners pay a median $2,111 a year in property taxes, about 1.95% of their home's value, higher than the Texas rate of 1.49%. The median household earns $53,043 a year, so the median home costs 2.0 times the median income (3.6 times for Texas). 81% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Menard County at a glance
| Menard County | Texas | U.S. | |
|---|---|---|---|
| Median home value | $108,500 | $283,800 | $332,700 |
| Median property tax paid per year | $2,111 | $4,232 | $3,119 |
| Property tax as a share of value | 1.95% | 1.49% | 0.94% |
| Median household income | $53,043 | $78,476 | $80,734 |
| Homes lived in by their owners | 81% | 63% | 65% |
| Owner homes with a mortgage | 26% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,117 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 24.0% | 21.7% | 21.0% |
| Median rent | $729 | $1,403 | $1,413 |
| Rent as a share of renters' income | 17.9% | 30.9% | 30.6% |
| Median year homes were built | 1972 | 1992 | 1980 |
| Vacant homes | 31.9% | 9.4% | 10.1% |
| Population | 1,955 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Menard County
At this week's average 30-year rate of 7.11%, buying the median Menard County home of $108,500 with 20% down costs about $805 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $986, 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 $34,518 for the 20%-down payment. That payment is 18% of the median Menard County household income of $53,043; at that income and 20% down, the 28% guideline points to a home of about $167,000.
The median rent here is $729 a month, so owning the median home costs about $76 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $21,700 |
|---|---|
| Loan amount | $86,800 |
| Principal and interest | $584 |
| Property taxes (1.95% a year) | $176 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $805 |
Change the numbers in the calculator
| Down payment | $3,798 |
|---|---|
| Loan amount | $106,535 |
| Principal and interest | $717 |
| Property taxes (1.95% a year) | $176 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $986 |
Change the numbers in the calculator
Questions about home buying in Menard County
What is the median home value in Menard County?
About $108,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Menard County?
Homeowners pay a median $2,111 a year, which is about 1.95% 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 Menard County?
For the median home with 20% down at 7.11%, the payment is about $805 a month. Keeping that under 28% of gross income takes about $34,518 a year.
More about Menard County
- Mortgage Refinance in Menard County
- Debt Relief in Menard County
- Home Equity Loans in Menard County
- 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