The typical owner-occupied home in Thorndale is worth about $183,900, 35% below the Texas median of $283,800 and 45% below the national median of $332,700. Owners pay a median $1,593 a year in property taxes, about 0.87% of their home's value, lower than the Texas rate of 1.49%. The median household earns $64,013 a year, so the median home costs 2.9 times the median income (3.6 times for Texas). 60% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Thorndale at a glance
| Thorndale | Texas | U.S. | |
|---|---|---|---|
| Median home value | $183,900 | $283,800 | $332,700 |
| Median property tax paid per year | $1,593 | $4,232 | $3,119 |
| Property tax as a share of value | 0.87% | 1.49% | 0.94% |
| Median household income | $64,013 | $78,476 | $80,734 |
| Homes lived in by their owners | 60% | 63% | 65% |
| Owner homes with a mortgage | 47% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,529 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 21.5% | 21.7% | 21.0% |
| Median rent | $950 | $1,403 | $1,413 |
| Rent as a share of renters' income | 27.1% | 30.9% | 30.6% |
| Median year homes were built | 1969 | 1992 | 1980 |
| Vacant homes | 20.4% | 9.4% | 10.1% |
| Population | 1,113 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Thorndale
At this week's average 30-year rate of 7.11%, buying the median Thorndale home of $183,900 with 20% down costs about $1,200 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,506, 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 $51,413 for the 20%-down payment. That payment is 22% of the median Thorndale household income of $64,013; at that income and 20% down, the 28% guideline points to a home of about $229,000.
The median rent here is $950 a month, so owning the median home costs about $250 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $36,780 |
|---|---|
| Loan amount | $147,120 |
| Principal and interest | $990 |
| Property taxes (0.87% a year) | $133 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| PMI | $0 |
| Total per month | $1,200 |
Change the numbers in the calculator
| Down payment | $6,436 |
|---|---|
| Loan amount | $180,569 |
| Principal and interest | $1,215 |
| Property taxes (0.87% a year) | $133 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| FHA mortgage insurance | $81 |
| Total per month | $1,506 |
Change the numbers in the calculator
Questions about home buying in Thorndale
What is the median home value in Thorndale?
About $183,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Thorndale?
Homeowners pay a median $1,593 a year, which is about 0.87% 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 Thorndale?
For the median home with 20% down at 7.11%, the payment is about $1,200 a month. Keeping that under 28% of gross income takes about $51,413 a year.
More about Thorndale
- Mortgage Refinance in Thorndale
- Debt Relief in Thorndale
- Home Equity Loans in Thorndale
- 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