The typical owner-occupied home in Lone Star is worth about $137,500, 52% below the Texas median of $283,800 and 59% below the national median of $332,700. Owners pay a median $1,313 a year in property taxes, about 0.95% of their home's value, lower than the Texas rate of 1.49%. The median household earns $38,646 a year, so the median home costs 3.6 times the median income (3.6 times for Texas). 54% of occupied homes here are lived in by their owners, and 27% of those owners still have a mortgage.
Lone Star at a glance
| Lone Star | Texas | U.S. | |
|---|---|---|---|
| Median home value | $137,500 | $283,800 | $332,700 |
| Median property tax paid per year | $1,313 | $4,232 | $3,119 |
| Property tax as a share of value | 0.95% | 1.49% | 0.94% |
| Median household income | $38,646 | $78,476 | $80,734 |
| Homes lived in by their owners | 54% | 63% | 65% |
| Owner homes with a mortgage | 27% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,315 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 21.7% | 21.0% |
| Median rent | $752 | $1,403 | $1,413 |
| Rent as a share of renters' income | 32.9% | 30.9% | 30.6% |
| Median year homes were built | 1972 | 1992 | 1980 |
| Vacant homes | 17.4% | 9.4% | 10.1% |
| Population | 1,543 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Lone Star
At this week's average 30-year rate of 7.11%, buying the median Lone Star home of $137,500 with 20% down costs about $906 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,135, 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 $38,834 for the 20%-down payment. That payment is 28% of the median Lone Star household income of $38,646; at that income and 20% down, the 28% guideline points to a home of about $137,000.
The median rent here is $752 a month, so owning the median home costs about $154 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,500 |
|---|---|
| Loan amount | $110,000 |
| Principal and interest | $740 |
| Property taxes (0.95% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $906 |
Change the numbers in the calculator
| Down payment | $4,812 |
|---|---|
| Loan amount | $135,010 |
| Principal and interest | $908 |
| Property taxes (0.95% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $61 |
| Total per month | $1,135 |
Change the numbers in the calculator
Questions about home buying in Lone Star
What is the median home value in Lone Star?
About $137,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lone Star?
Homeowners pay a median $1,313 a year, which is about 0.95% 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 Lone Star?
For the median home with 20% down at 7.11%, the payment is about $906 a month. Keeping that under 28% of gross income takes about $38,834 a year.
More about Lone Star
- Mortgage Refinance in Lone Star
- Debt Relief in Lone Star
- Home Equity Loans in Lone Star
- 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