Falls County, Texas home prices
Typical home $141,228 · -3.1% in a year · property tax 1.37%
The typical home in Falls County is worth $141,228, 52% less than the Texas typical home ($296,424). Values changed -3.1% in the past year and -17.9% over five years. Homeowners here pay a median 1.37% of their home's value in property tax each year ($1,938 on the typical home), versus 1.32% statewide.
Mortgage on the typical Falls County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $28,246 | $112,983 | $760 | $0 | $232 | $992 | $42,500 |
| 10% down | $14,123 | $127,106 | $855 | $53 | $232 | $1,140 | $48,900 |
| 5% down | $7,061 | $134,167 | $903 | $56 | $232 | $1,191 | $51,000 |
| 3.5% down (FHA) | $4,943 | $138,670 | $933 | $62 | $232 | $1,227 | $52,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.37% 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.
What it takes: see what you can afford by salary in Texas · part of the Waco metro area.
Texas counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Coleman County | $141,747 | +8.1% | 1.35% |
| Sutton County | $140,701 | -4.4% | 1.22% |
| Bailey County | $142,242 | -2.0% | 1.52% |
| Throckmorton County | $139,924 | -12.3% | 1.28% |
| Winkler County | $142,604 | +14.1% | 0.76% |
| Howard County | $142,857 | +4.8% | 0.95% |
| Castro County | $139,264 | -2.2% | 0.92% |
| Runnels County | $138,829 | +8.9% | 1.37% |
| Starr County | $144,023 | +1.6% | 1.14% |
| Scurry County | $144,049 | +2.9% | 1.27% |
Frequently asked questions
What is the average home price in Falls County, TX?
The typical home value in Falls County is $141,228 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Falls County?
About $42,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Falls County?
The median effective rate is 1.37% of home value a year (Census ACS 2024 5-year estimates).