How RGV Incomes Compare With the Cost of a Median-Priced Home

July 2026 median closing prices compared with household income and estimated income needed

(Please use a modern browser to see the interactive version of this visualization)

Estimated income needed assumes 20% down, a 30-year fixed mortgage at 6.66%, a standardized 2.04% property-tax rate, $3,506 in annual homeowners insurance and housing costs limited to 30% of gross income. Actual costs and mortgage qualification vary.

Chart: Rudy MirelesSource: U.S. Census Bureau, Texas Real Estate Research Center at Texas A&M University, Freddie Mac, Texas Department of Insurance