Home Affordability in Killeen, TX
The median home price in Killeen is $210,000 with a median household income of $47,863. Housing is moderately affordable relative to local incomes.
Median Home Price
$210,000
Median Income
$47,863
Price-to-Income Ratio
4.4x
Est. Affordable Home
$186,000
Property Tax Rate
2.15%
Annual Property Tax
$4,515
Sales Tax Rate
8.25%
Cost of Living Index
82
Buying a Home in Killeen
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $47,863 in Killeen can afford a monthly housing payment of approximately $1,117. This translates to a home price of roughly $186,000, which is below the median home price of $210,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Killeen would be approximately $4,515 per year ($376/month) at the effective rate of 2.15%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $6,300 | $203,700 | Yes |
| 5% | $10,500 | $199,500 | Yes |
| 10% | $21,000 | $189,000 | Yes |
| 20% | $42,000 | $168,000 | No |
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