Palestine, TX home prices
Typical home $215,758 · +4.0% in a year · income needed $61,500
The Palestine, TX metro area ranks 584 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.0% in a year and +20.5% over five years. With 20% down at 7.11%, the typical home costs about $1,434 a month including 0.92% property tax (Anderson County rate).
Mortgage on the typical Palestine home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $43,152 | $172,606 | $1,161 | $0 | $273 | $1,434 | $61,500 |
| 10% down | $21,576 | $194,182 | $1,306 | $81 | $273 | $1,660 | $71,200 |
| 5% down | $10,788 | $204,970 | $1,379 | $85 | $273 | $1,737 | $74,500 |
| 3.5% down (FHA) | $7,552 | $211,850 | $1,425 | $95 | $273 | $1,794 | $76,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.92% 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 Palestine area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Anderson County, TX | $215,774 | +4.0% | 0.92% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Palestine?
The typical home in the Palestine, TX metro area is worth $215,758 (Zillow, September 2026).
What salary do you need to buy a house in Palestine?
About $61,500 a year for the typical home with 20% down at 7.11%.