Levelland, TX home prices
Typical home $165,531 · +1.3% in a year · income needed $49,900
The Levelland, TX metro area ranks 778 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.3% in a year and +2.3% over five years. With 20% down at 7.11%, the typical home costs about $1,165 a month including 1.39% property tax (Hockley County rate).
Mortgage on the typical Levelland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $33,106 | $132,424 | $891 | $0 | $274 | $1,165 | $49,900 |
| 10% down | $16,553 | $148,977 | $1,002 | $62 | $274 | $1,338 | $57,400 |
| 5% down | $8,277 | $157,254 | $1,058 | $66 | $274 | $1,397 | $59,900 |
| 3.5% down (FHA) | $5,794 | $162,532 | $1,093 | $73 | $274 | $1,441 | $61,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.39% 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 Levelland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hockley County, TX | $165,559 | +1.3% | 1.39% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Levelland?
The typical home in the Levelland, TX metro area is worth $165,531 (Zillow, September 2026).
What salary do you need to buy a house in Levelland?
About $49,900 a year for the typical home with 20% down at 7.11%.