The typical owner-occupied home in Plains is worth about $133,300, 53% below the Texas median of $283,800 and 60% below the national median of $332,700. Owners pay a median $867 a year in property taxes, about 0.65% of their home's value, lower than the Texas rate of 1.49%. The median household earns $76,985 a year, so the median home costs 1.7 times the median income (3.6 times for Texas). 76% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Plains at a glance
| Plains | Texas | U.S. | |
|---|---|---|---|
| Median home value | $133,300 | $283,800 | $332,700 |
| Median property tax paid per year | $867 | $4,232 | $3,119 |
| Property tax as a share of value | 0.65% | 1.49% | 0.94% |
| Median household income | $76,985 | $78,476 | $80,734 |
| Homes lived in by their owners | 76% | 63% | 65% |
| Owner homes with a mortgage | 43% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,327 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 21.7% | 21.0% |
| Median rent | $864 | $1,403 | $1,413 |
| Rent as a share of renters' income | 12.7% | 30.9% | 30.6% |
| Median year homes were built | 1983 | 1992 | 1980 |
| Vacant homes | 18.1% | 9.4% | 10.1% |
| Population | 1,235 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Plains
At this week's average 30-year rate of 7.11%, buying the median Plains home of $133,300 with 20% down costs about $845 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,067, 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 $36,219 for the 20%-down payment. That payment is 13% of the median Plains household income of $76,985; at that income and 20% down, the 28% guideline points to a home of about $283,000.
The median rent here is $864 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $26,660 |
|---|---|
| Loan amount | $106,640 |
| Principal and interest | $717 |
| Property taxes (0.65% a year) | $72 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| PMI | $0 |
| Total per month | $845 |
Change the numbers in the calculator
| Down payment | $4,666 |
|---|---|
| Loan amount | $130,886 |
| Principal and interest | $880 |
| Property taxes (0.65% a year) | $72 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| FHA mortgage insurance | $59 |
| Total per month | $1,067 |
Change the numbers in the calculator
Questions about home buying in Plains
What is the median home value in Plains?
About $133,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Plains?
Homeowners pay a median $867 a year, which is about 0.65% 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 Plains?
For the median home with 20% down at 7.11%, the payment is about $845 a month. Keeping that under 28% of gross income takes about $36,219 a year.
More about Plains
- Mortgage Refinance in Plains
- Debt Relief in Plains
- Home Equity Loans in Plains
- 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