The numbers are skyrocketing and when you find out how much money you will have to make annually to own a decent home in Texas you will be blown away. While the numbers are out there are a couple of factors that have figured into the rise in income for us to buy a house Nationwide interest rates are higher than they were before covid hit.

In a state known for its larger-than-life attitude, Texas stands out for its spacious homes. First, let's set the parameters, the average-sized house is described as three bedrooms two and a half bathrooms, and a two-car garage with a fenced-in backyard.

On average, Texas homes boast around 2,031 square feet, priced at a median point of approximately $275,000. Over the past century, there's been a noticeable surge in home sizes across Texas, with San Antonio witnessing a remarkable 95 percent increase since 1910.

According to a recent study by, prospective homebuyers in 22 states and Washington, DC, must have a household income of at least six figures to afford a home at the median price comfortably. Four years ago the same home you only needed just over $77,000, but in today's economy, you will need to make a six-figure income as noted below.

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Annual income needed to afford a median-priced home In Texas

  • State - Texas 
  • Annual income needed to afford a median-priced home, Jan 2024 - $110,629
  • Annual income needed to afford a median-priced home, Jan 2020 -  $77,369
  • 4-year percentage change, in annual income - 30.1%
  • Monthly mortgage payment, Jan 2024 - $2,348
  • Median home sale price, Jan 2024 - $332,600
    Source: The entire graph is listed below.

The Texas numbers jump higher if you want any good-sized acreage with your new home. You'll notice in the findings that Mississippi, Ohio, and Arkansas had the lowest income requirement of just over $60,000.00. Want to buy a house?

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LOOK: The priciest home for sale in every U.S. state

From vast expanses to explore in the West to "cozy" beach retreats in the East, get ready to be dazzled by the opulence of the most luxurious real estate across all 50 states. We've ranked them from the least expensive (a bargain at $3,095,000!) to the most expensive. Simply tap or click on the photo to see more of each home, or if you're feeling extravagant, book a viewing.

Gallery Credit: Stephen Lenz

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