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May 29, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in College Station. Understand how much you need to earn to afford a home in College Station, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in College Station 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 College Station is right for you.
The median home value for College Station, TX (Brazos County) is $315,010
Based on current mortgage rates and a 10% down payment, you need to make $65,716 per year to buy the median priced home in College Station
With this income, you could qualify for a $283,509 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 College Station is $1,522
The median household income for College Station, TX (Brazos County) is $50,083
Based on this income, you can afford a home valued at approximately $240,071
The home price you can afford to buy based on household income in College Station is 76% of the median home value which means housing prices are very expensive. College Station (Brazos County) ranks 254 out of 254 counties in Texas and 3,036 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in College Station, TX is very expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for College Station (Brazos County) below.
Conforming loan limits for College Station, TX
FHA loan limits for College Station, TX
VA loan limits for College Station, TX
Learn what price home you can afford to buy in College Station
College Station Mortgage Rates