The typical owner-occupied home in Happy is worth about $91,800, 68% below the Texas median of $283,800 and 72% below the national median of $332,700. The median household earns $55,313 a year, so the median home costs 1.7 times the median income (3.6 times for Texas). 83% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Happy at a glance
| Happy | Texas | U.S. | |
|---|---|---|---|
| Median home value | $91,800 | $283,800 | $332,700 |
| Median property tax paid per year | – | $4,232 | $3,119 |
| Median household income | $55,313 | $78,476 | $80,734 |
| Homes lived in by their owners | 83% | 63% | 65% |
| Owner homes with a mortgage | 31% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,364 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 21.7% | 21.0% |
| Median rent | $1,102 | $1,403 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.9% | 30.6% |
| Median year homes were built | 1955 | 1992 | 1980 |
| Vacant homes | 25.0% | 9.4% | 10.1% |
| Population | 647 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Happy
At this week's average 30-year rate of 7.11%, buying the median Happy home of $91,800 with 20% down costs about $616 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $769, 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 $26,419 for the 20%-down payment. That payment is 13% of the median Happy household income of $55,313; at that income and 20% down, the 28% guideline points to a home of about $192,000.
The median rent here is $1,102 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,360 |
|---|---|
| Loan amount | $73,440 |
| Principal and interest | $494 |
| Property taxes (1.10% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $616 |
Change the numbers in the calculator
| Down payment | $3,213 |
|---|---|
| Loan amount | $90,137 |
| Principal and interest | $606 |
| Property taxes (1.10% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $41 |
| Total per month | $769 |
Change the numbers in the calculator
Questions about home buying in Happy
What is the median home value in Happy?
About $91,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Happy?
For the median home with 20% down at 7.11%, the payment is about $616 a month. Keeping that under 28% of gross income takes about $26,419 a year.
More about Happy
- Mortgage Refinance in Happy
- Debt Relief in Happy
- Home Equity Loans in Happy
- 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