The typical owner-occupied home in Ben Wheeler is worth about $268,400, 5% below the Texas median of $283,800 and 19% below the national median of $332,700. Owners pay a median $2,443 a year in property taxes, about 0.91% of their home's value, lower than the Texas rate of 1.49%. The median household earns $120,523 a year, so the median home costs 2.2 times the median income (3.6 times for Texas). 67% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Ben Wheeler at a glance
| Ben Wheeler | Texas | U.S. | |
|---|---|---|---|
| Median home value | $268,400 | $283,800 | $332,700 |
| Median property tax paid per year | $2,443 | $4,232 | $3,119 |
| Property tax as a share of value | 0.91% | 1.49% | 0.94% |
| Median household income | $120,523 | $78,476 | $80,734 |
| Homes lived in by their owners | 67% | 63% | 65% |
| Owner homes with a mortgage | 21% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,078 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Rent as a share of renters' income | 17.2% | 30.9% | 30.6% |
| Median year homes were built | 2003 | 1992 | 1980 |
| Vacant homes | 0.0% | 9.4% | 10.1% |
| Population | 1,792 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Ben Wheeler
At this week's average 30-year rate of 7.11%, buying the median Ben Wheeler home of $268,400 with 20% down costs about $1,760 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,207, 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 $75,420 for the 20%-down payment. That payment is 18% of the median Ben Wheeler household income of $120,523; at that income and 20% down, the 28% guideline points to a home of about $429,000.
| Down payment | $53,680 |
|---|---|
| Loan amount | $214,720 |
| Principal and interest | $1,444 |
| Property taxes (0.91% a year) | $204 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| PMI | $0 |
| Total per month | $1,760 |
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| Down payment | $9,394 |
|---|---|
| Loan amount | $263,539 |
| Principal and interest | $1,773 |
| Property taxes (0.91% a year) | $204 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| FHA mortgage insurance | $119 |
| Total per month | $2,207 |
Change the numbers in the calculator
Questions about home buying in Ben Wheeler
What is the median home value in Ben Wheeler?
About $268,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ben Wheeler?
Homeowners pay a median $2,443 a year, which is about 0.91% 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 Ben Wheeler?
For the median home with 20% down at 7.11%, the payment is about $1,760 a month. Keeping that under 28% of gross income takes about $75,420 a year.
More about Ben Wheeler
- Mortgage Refinance in Ben Wheeler
- Debt Relief in Ben Wheeler
- Home Equity Loans in Ben Wheeler
- 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