The typical owner-occupied home in Balmorhea is worth about $54,400, 81% below the Texas median of $283,800 and 84% below the national median of $332,700. Owners pay a median $988 a year in property taxes, about 1.82% of their home's value, higher than the Texas rate of 1.49%. 53% of occupied homes here are lived in by their owners, and 19% of those owners still have a mortgage.
Balmorhea at a glance
| Balmorhea | Texas | U.S. | |
|---|---|---|---|
| Median home value | $54,400 | $283,800 | $332,700 |
| Median property tax paid per year | $988 | $4,232 | $3,119 |
| Property tax as a share of value | 1.82% | 1.49% | 0.94% |
| Median household income | – | $78,476 | $80,734 |
| Homes lived in by their owners | 53% | 63% | 65% |
| Owner homes with a mortgage | 19% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $840 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 32.0% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Rent as a share of renters' income | 31.4% | 30.9% | 30.6% |
| Median year homes were built | 1969 | 1992 | 1980 |
| Vacant homes | 22.2% | 9.4% | 10.1% |
| Population | 456 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Balmorhea
At this week's average 30-year rate of 7.11%, buying the median Balmorhea home of $54,400 with 20% down costs about $398 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $489, 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 $17,054 for the 20%-down payment.
| Down payment | $10,880 |
|---|---|
| Loan amount | $43,520 |
| Principal and interest | $293 |
| Property taxes (1.82% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| PMI | $0 |
| Total per month | $398 |
Change the numbers in the calculator
| Down payment | $1,904 |
|---|---|
| Loan amount | $53,415 |
| Principal and interest | $359 |
| Property taxes (1.82% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| FHA mortgage insurance | $24 |
| Total per month | $489 |
Change the numbers in the calculator
Questions about home buying in Balmorhea
What is the median home value in Balmorhea?
About $54,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Balmorhea?
Homeowners pay a median $988 a year, which is about 1.82% 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 Balmorhea?
For the median home with 20% down at 7.11%, the payment is about $398 a month. Keeping that under 28% of gross income takes about $17,054 a year.
More about Balmorhea
- Mortgage Refinance in Balmorhea
- Debt Relief in Balmorhea
- Home Equity Loans in Balmorhea
- 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