How much house can I afford on $120,000 in Texas?
About $401,000 with 20% down ($324,000 with an FHA loan), using Texas's 1.32% property tax rate.
That is $104,536 more than the typical Texas home ($296,424), so a $120,000 salary can buy a typical home here. The payment of $2,800 covers $2,158 principal and interest, $442 property tax and $200 insurance.
Counties in Texas you can afford on $120,000
229 of 243 counties have a typical home value at or below $401,000. The 25 priciest of them:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wilson County | $395,462 | -0.2% | 1.22% |
| Williamson County | $394,699 | -4.8% | 1.61% |
| Hood County | $379,202 | +0.2% | 1.05% |
| Fort Bend County | $374,185 | -2.1% | 1.86% |
| Ellis County | $370,493 | -0.8% | 1.35% |
| Wise County | $370,072 | -0.3% | 1.14% |
| Kerr County | $367,529 | -1.9% | 0.97% |
| Hays County | $366,672 | -3.4% | 1.66% |
| Mills County | $364,056 | +5.7% | 0.78% |
| Washington County | $363,966 | +0.2% | 1.09% |
| Waller County | $358,663 | -1.8% | 1.27% |
| Lee County | $351,670 | -0.0% | 0.96% |
| Bastrop County | $351,578 | -4.6% | 1.41% |
| Grimes County | $350,588 | -1.8% | 1.02% |
| Chambers County | $348,474 | +0.4% | 1.05% |
| Kimble County | $344,722 | +5.6% | 1.27% |
| Mason County | $344,398 | -0.5% | 0.84% |
| Montgomery County | $340,504 | -1.4% | 1.52% |
| Erath County | $338,569 | -0.2% | 1.07% |
| Johnson County | $336,224 | -1.1% | 1.24% |
| Midland County | $329,884 | +1.7% | 1.23% |
| Bandera County | $328,128 | -2.5% | 0.88% |
| Brazoria County | $323,788 | -1.3% | 1.66% |
| Tarrant County | $318,481 | -0.8% | 1.65% |
| Cooke County | $318,246 | -0.8% | 1.19% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 1.32% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Texas
Frequently asked questions
How much house can I afford on $120,000 in Texas?
About $401,000 with 20% down at 7.11%, keeping the payment (with Texas's 1.32% property tax and insurance) under $2,800 a month.
Is $120,000 enough to buy a house in Texas?
Yes: the typical Texas home is worth $296,424 (Zillow, September 2026) and $120,000 supports about $401,000. 229 of 243 counties are within budget.