Mineral Wells, TX home prices
Typical home $283,713 · +0.4% in a year · income needed $82,800
The Mineral Wells, TX metro area ranks 356 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.4% in a year and +9.4% over five years. With 20% down at 7.11%, the typical home costs about $1,932 a month including 1.11% property tax (Palo Pinto County rate).
Mortgage on the typical Mineral Wells home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $56,743 | $226,970 | $1,527 | $0 | $405 | $1,932 | $82,800 |
| 10% down | $28,371 | $255,341 | $1,718 | $106 | $405 | $2,229 | $95,500 |
| 5% down | $14,186 | $269,527 | $1,813 | $112 | $405 | $2,330 | $99,900 |
| 3.5% down (FHA) | $9,930 | $278,574 | $1,874 | $125 | $405 | $2,404 | $103,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.11% 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 Mineral Wells area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Palo Pinto County, TX | $283,776 | +0.4% | 1.11% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Mineral Wells?
The typical home in the Mineral Wells, TX metro area is worth $283,713 (Zillow, September 2026).
What salary do you need to buy a house in Mineral Wells?
About $82,800 a year for the typical home with 20% down at 7.11%.