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May 28, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Brownsville. Understand how much you need to earn to afford a home in Brownsville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Brownsville 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 Brownsville is right for you.
The median home value for Brownsville, TX (Cameron County) is $121,199
Based on current mortgage rates and a 10% down payment, you need to make $25,284 per year to buy the median priced home in Brownsville
With this income, you could qualify for a $109,079 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 Brownsville is $586
The median household income for Brownsville, TX (Cameron County) is $48,817
Based on this income, you can afford a home valued at approximately $234,006
The home price you can afford to buy based on household income in Brownsville is 193% of the median home value which means housing prices are average. Brownsville (Cameron County) ranks 115 out of 254 counties in Texas and 903 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Brownsville, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Brownsville (Cameron County) below.
Conforming loan limits for Brownsville, TX
FHA loan limits for Brownsville, TX
VA loan limits for Brownsville, TX
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