The typical owner-occupied home in Terry County is worth about $105,400, 63% below the Texas median of $283,800 and 68% below the national median of $332,700. Owners pay a median $1,779 a year in property taxes, about 1.69% of their home's value, higher than the Texas rate of 1.49%. The median household earns $44,100 a year, so the median home costs 2.4 times the median income (3.6 times for Texas). 67% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Terry County at a glance
| Terry County | Texas | U.S. | |
|---|---|---|---|
| Median home value | $105,400 | $283,800 | $332,700 |
| Median property tax paid per year | $1,779 | $4,232 | $3,119 |
| Property tax as a share of value | 1.69% | 1.49% | 0.94% |
| Median household income | $44,100 | $78,476 | $80,734 |
| Homes lived in by their owners | 67% | 63% | 65% |
| Owner homes with a mortgage | 34% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,429 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 24.6% | 21.7% | 21.0% |
| Median rent | $817 | $1,403 | $1,413 |
| Rent as a share of renters' income | 31.7% | 30.9% | 30.6% |
| Median year homes were built | 1965 | 1992 | 1980 |
| Vacant homes | 10.3% | 9.4% | 10.1% |
| Population | 11,629 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Terry County
At this week's average 30-year rate of 7.11%, buying the median Terry County home of $105,400 with 20% down costs about $760 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $935, 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 $32,554 for the 20%-down payment. That payment is 21% of the median Terry County household income of $44,100; at that income and 20% down, the 28% guideline points to a home of about $143,000.
The median rent here is $817 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,080 |
|---|---|
| Loan amount | $84,320 |
| Principal and interest | $567 |
| Property taxes (1.69% a year) | $148 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $760 |
Change the numbers in the calculator
| Down payment | $3,689 |
|---|---|
| Loan amount | $103,491 |
| Principal and interest | $696 |
| Property taxes (1.69% a year) | $148 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $935 |
Change the numbers in the calculator
Questions about home buying in Terry County
What is the median home value in Terry County?
About $105,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Terry County?
Homeowners pay a median $1,779 a year, which is about 1.69% 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 Terry County?
For the median home with 20% down at 7.11%, the payment is about $760 a month. Keeping that under 28% of gross income takes about $32,554 a year.
More about Terry County
- Mortgage Refinance in Terry County
- Debt Relief in Terry County
- Home Equity Loans in Terry County
- 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