How Much House Can You Afford in Texas?
Lenders typically use the 28/36 rule: your monthly housing payment should not exceed 28% of gross monthly income, and total debt payments should stay under 36%. With Texas's median income of $67,000/year ($5,583/month), that means a maximum housing payment of roughly $1,563/month.
At 6.78% over 30 years with a 10% down payment ($34,000), that monthly budget supports a purchase price of approximately $323,000–$340,000. The median home price in Texas is $340,000, which means housing is near the national average.