Gainesville, TX home prices
Typical home $318,240 · -0.8% in a year · income needed $93,800
The Gainesville, TX metro area ranks 285 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.8% in a year and +14.7% over five years. With 20% down at 7.11%, the typical home costs about $2,188 a month including 1.19% property tax (Cooke County rate).
Mortgage on the typical Gainesville home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $63,648 | $254,592 | $1,713 | $0 | $475 | $2,188 | $93,800 |
| 10% down | $31,824 | $286,416 | $1,927 | $119 | $475 | $2,521 | $108,000 |
| 5% down | $15,912 | $302,328 | $2,034 | $126 | $475 | $2,635 | $112,900 |
| 3.5% down (FHA) | $11,138 | $312,475 | $2,102 | $141 | $475 | $2,718 | $116,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.19% 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.
Counties in the Gainesville area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cooke County, TX | $318,246 | -0.8% | 1.19% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Gainesville?
The typical home in the Gainesville, TX metro area is worth $318,240 (Zillow, September 2026).
What salary do you need to buy a house in Gainesville?
About $93,800 a year for the typical home with 20% down at 7.11%.