McLennan County, Texas home prices
Typical home $257,622 · +0.4% in a year · property tax 1.42%
The typical home in McLennan County is worth $257,622, 13% less than the Texas typical home ($296,424). Values changed +0.4% in the past year and +17.0% over five years. Homeowners here pay a median 1.42% of their home's value in property tax each year ($3,671 on the typical home), versus 1.32% statewide.
Mortgage on the typical McLennan County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $51,524 | $206,097 | $1,386 | $0 | $435 | $1,821 | $78,000 |
| 10% down | $25,762 | $231,859 | $1,560 | $97 | $435 | $2,091 | $89,600 |
| 5% down | $12,881 | $244,741 | $1,646 | $102 | $435 | $2,183 | $93,600 |
| 3.5% down (FHA) | $9,017 | $252,955 | $1,702 | $114 | $435 | $2,250 | $96,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.42% 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 |
|---|---|---|---|
| Hopkins County | $255,721 | -3.2% | 1% |
| Montague County | $260,206 | -2.0% | 0.92% |
| Hartley County | $261,373 | +7.7% | 1.01% |
| Randall County | $261,974 | +4.1% | 1.51% |
| Gonzales County | $253,175 | -6.2% | 1.31% |
| Irion County | $252,990 | -6.3% | 0.7% |
| Ector County | $252,414 | +3.8% | 1.27% |
| Martin County | $251,649 | +1.8% | 0.91% |
| Milam County | $263,672 | +1.1% | 0.99% |
| Andrews County | $263,891 | +6.9% | 1.28% |
Frequently asked questions
What is the average home price in McLennan County, TX?
The typical home value in McLennan County is $257,622 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in McLennan County?
About $78,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in McLennan County?
The median effective rate is 1.42% of home value a year (Census ACS 2024 5-year estimates).