The typical owner-occupied home in Willis is worth about $124,300, 56% below the Texas median of $283,800 and 63% below the national median of $332,700. Owners pay a median $1,997 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 $68,632 a year, so the median home costs 1.8 times the median income (3.6 times for Texas). 61% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Willis at a glance
| Willis | Texas | U.S. | |
|---|---|---|---|
| Median home value | $124,300 | $283,800 | $332,700 |
| Median property tax paid per year | $1,997 | $4,232 | $3,119 |
| Property tax as a share of value | 1.61% | 1.49% | 0.94% |
| Median household income | $68,632 | $78,476 | $80,734 |
| Homes lived in by their owners | 61% | 63% | 65% |
| Owner homes with a mortgage | 55% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,549 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 28.2% | 21.7% | 21.0% |
| Median rent | $1,268 | $1,403 | $1,413 |
| Rent as a share of renters' income | 34.3% | 30.9% | 30.6% |
| Median year homes were built | 1995 | 1992 | 1980 |
| Vacant homes | 0.6% | 9.4% | 10.1% |
| Population | 6,878 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Willis
At this week's average 30-year rate of 7.11%, buying the median Willis home of $124,300 with 20% down costs about $888 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,095, 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 $38,036 for the 20%-down payment. That payment is 16% of the median Willis household income of $68,632; at that income and 20% down, the 28% guideline points to a home of about $224,000.
The median rent here is $1,268 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,860 |
|---|---|
| Loan amount | $99,440 |
| Principal and interest | $669 |
| Property taxes (1.61% a year) | $167 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $888 |
Change the numbers in the calculator
| Down payment | $4,350 |
|---|---|
| Loan amount | $122,049 |
| Principal and interest | $821 |
| Property taxes (1.61% a year) | $167 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $1,095 |
Change the numbers in the calculator
Questions about home buying in Willis
What is the median home value in Willis?
About $124,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Willis?
Homeowners pay a median $1,997 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 Willis?
For the median home with 20% down at 7.11%, the payment is about $888 a month. Keeping that under 28% of gross income takes about $38,036 a year.
More about Willis
- Mortgage Refinance in Willis
- Debt Relief in Willis
- Home Equity Loans in Willis
- 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