Home Affordability in Brownsville, TX
The median home price in Brownsville is $150,000 with a median household income of $36,843. Housing is moderately affordable relative to local incomes.
Median Home Price
$150,000
Median Income
$36,843
Price-to-Income Ratio
4.1x
Est. Affordable Home
$143,000
Property Tax Rate
2.00%
Annual Property Tax
$3,000
Sales Tax Rate
8.25%
Cost of Living Index
76
Buying a Home in Brownsville
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $36,843 in Brownsville can afford a monthly housing payment of approximately $860. This translates to a home price of roughly $143,000, which is below the median home price of $150,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Brownsville would be approximately $3,000 per year ($250/month) at the effective rate of 2.00%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $4,500 | $145,500 | Yes |
| 5% | $7,500 | $142,500 | Yes |
| 10% | $15,000 | $135,000 | Yes |
| 20% | $30,000 | $120,000 | No |
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