The typical owner-occupied home in Taylor is worth about $285,800, about the same as the Texas median of $283,800 and 14% below the national median of $332,700. Owners pay a median $4,438 a year in property taxes, about 1.55% of their home's value, close to the Texas rate of 1.49%. The median household earns $75,508 a year, so the median home costs 3.8 times the median income (3.6 times for Texas). 75% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Taylor at a glance
| Taylor | Texas | U.S. | |
|---|---|---|---|
| Median home value | $285,800 | $283,800 | $332,700 |
| Median property tax paid per year | $4,438 | $4,232 | $3,119 |
| Property tax as a share of value | 1.55% | 1.49% | 0.94% |
| Median household income | $75,508 | $78,476 | $80,734 |
| Homes lived in by their owners | 75% | 63% | 65% |
| Owner homes with a mortgage | 59% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,788 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 23.2% | 21.7% | 21.0% |
| Median rent | $1,074 | $1,403 | $1,413 |
| Rent as a share of renters' income | 31.7% | 30.9% | 30.6% |
| Median year homes were built | 1979 | 1992 | 1980 |
| Vacant homes | 6.3% | 9.4% | 10.1% |
| Population | 17,136 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Taylor
At this week's average 30-year rate of 7.11%, buying the median Taylor home of $285,800 with 20% down costs about $2,026 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,502, 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 $86,842 for the 20%-down payment. That payment is 32% of the median Taylor household income of $75,508; at that income and 20% down, the 28% guideline points to a home of about $248,000.
The median rent here is $1,074 a month, so owning the median home costs about $952 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $57,160 |
|---|---|
| Loan amount | $228,640 |
| Principal and interest | $1,538 |
| Property taxes (1.55% a year) | $369 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| PMI | $0 |
| Total per month | $2,026 |
Change the numbers in the calculator
| Down payment | $10,003 |
|---|---|
| Loan amount | $280,623 |
| Principal and interest | $1,888 |
| Property taxes (1.55% a year) | $369 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| FHA mortgage insurance | $126 |
| Total per month | $2,502 |
Change the numbers in the calculator
Questions about home buying in Taylor
What is the median home value in Taylor?
About $285,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Taylor?
Homeowners pay a median $4,438 a year, which is about 1.55% 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 Taylor?
For the median home with 20% down at 7.11%, the payment is about $2,026 a month. Keeping that under 28% of gross income takes about $86,842 a year.
More about Taylor
- Mortgage Refinance in Taylor
- Debt Relief in Taylor
- Home Equity Loans in Taylor
- 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