The typical owner-occupied home in Goodrich is worth about $216,100, 24% below the Texas median of $283,800 and 35% below the national median of $332,700. Owners pay a median $1,785 a year in property taxes, about 0.83% of their home's value, lower than the Texas rate of 1.49%. The median household earns $30,938 a year, so the median home costs 7.0 times the median income (3.6 times for Texas). 72% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Goodrich at a glance
| Goodrich | Texas | U.S. | |
|---|---|---|---|
| Median home value | $216,100 | $283,800 | $332,700 |
| Median property tax paid per year | $1,785 | $4,232 | $3,119 |
| Property tax as a share of value | 0.83% | 1.49% | 0.94% |
| Median household income | $30,938 | $78,476 | $80,734 |
| Homes lived in by their owners | 72% | 63% | 65% |
| Owner homes with a mortgage | 28% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,138 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 26.3% | 21.7% | 21.0% |
| Median rent | $1,390 | $1,403 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.9% | 30.6% |
| Median year homes were built | 1975 | 1992 | 1980 |
| Vacant homes | 36.5% | 9.4% | 10.1% |
| Population | 323 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Goodrich
At this week's average 30-year rate of 7.11%, buying the median Goodrich home of $216,100 with 20% down costs about $1,402 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,762, 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 $60,106 for the 20%-down payment. That payment is 54% of the median Goodrich household income of $30,938; at that income and 20% down, the 28% guideline points to a home of about $111,000.
The median rent here is $1,390 a month, so owning the median home costs about $12 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,220 |
|---|---|
| Loan amount | $172,880 |
| Principal and interest | $1,163 |
| Property taxes (0.83% a year) | $149 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,402 |
Change the numbers in the calculator
| Down payment | $7,564 |
|---|---|
| Loan amount | $212,186 |
| Principal and interest | $1,427 |
| Property taxes (0.83% a year) | $149 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $1,762 |
Change the numbers in the calculator
Questions about home buying in Goodrich
What is the median home value in Goodrich?
About $216,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Goodrich?
Homeowners pay a median $1,785 a year, which is about 0.83% 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 Goodrich?
For the median home with 20% down at 7.11%, the payment is about $1,402 a month. Keeping that under 28% of gross income takes about $60,106 a year.
More about Goodrich
- Mortgage Refinance in Goodrich
- Debt Relief in Goodrich
- Home Equity Loans in Goodrich
- 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