Compare Galveston, TX mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Galveston.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Galveston. Plus, shopping lenders is free and there is no obligation.
August 2, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Galveston. Understand how much you need to earn to afford a home in Galveston, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Galveston fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Galveston is right for you.
The median home value for Galveston, TX is $310,378
Based on current mortgage rates and a 10% down payment, you need to make $64,750 per year to buy the median priced home in Galveston
With this income, you could qualify for a $279,340 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Galveston is $1,499
The median household income for Galveston, TX is $79,480
Based on this income, you can afford a home valued at approximately $380,985
The home price you can afford to buy based on household income in Galveston is 123% of the median home value which means housing prices are average. Galveston ranks 228 out of 254 counties in Texas and 2,460 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Galveston, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Galveston below.
Conforming loan limits for Galveston, TX
FHA loan limits for Galveston, TX