Home Affordability in Corpus Christi, TX
The median home price in Corpus Christi is $225,000 with a median household income of $53,481. Housing is moderately affordable relative to local incomes.
Median Home Price
$225,000
Median Income
$53,481
Price-to-Income Ratio
4.2x
Est. Affordable Home
$208,000
Property Tax Rate
1.87%
Annual Property Tax
$4,208
Sales Tax Rate
8.25%
Cost of Living Index
87
Buying a Home in Corpus Christi
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $53,481 in Corpus Christi can afford a monthly housing payment of approximately $1,248. This translates to a home price of roughly $208,000, which is below the median home price of $225,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Corpus Christi would be approximately $4,208 per year ($351/month) at the effective rate of 1.87%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $6,750 | $218,250 | Yes |
| 5% | $11,250 | $213,750 | Yes |
| 10% | $22,500 | $202,500 | Yes |
| 20% | $45,000 | $180,000 | No |
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