What House Can I Afford on 100K a Year in Texas?
In case of earning $100,000 a year in Texas, you can generally look at homes priced between $275,000 and $325,000. This range assumes that you have a standard 30-year mortgage with manageable monthly debts. It should be remembered that this is a starting point for the planning, not a final bank approval. Lenders target the total monthly payment — which contains more than just the sticker price — to make sure it stays around 28% of the gross monthly income — about $2,333 per month for a $100k salary.
Why does the number change so much in Texas?
In Texas, the monthly budget isn't just about the loan; it's heavily impacted by local property taxes. Since these rates vary by county & city, the same income has the potential to buy a much larger home in one area than another. You also have to factor in homeowners insurance & potential HOA fees. As of March 19, 2026, with average mortgage rates around 6.22%, most $100k earners find their "sweet spot" in the high $200s or low $300s once these extra costs are added in.
| Scenario | Estimated home price |
|---|---|
| Low debt + 10% down payment | $315,000 – $325,000 |
| Low debt + 5% down payment | $290,000 – $305,000 |
| Higher debt or high-tax area | $250,000 – $285,000 |
Note: The abovementioned figures are for planning purposes and do not represent a specific loan offer.
What is most important besides salary?
Existing monthly bills — car loans, student debt, and credit cards.
The down payment — more cash upfront lowers the monthly bill
Location-specific costs — property taxes & HOA dues
The credit score — this determines the specific interest rate
Closing costs — the cash you require to finalize the deal
Can homebuyer programs improve affordability?
Yes. Texas presents several programs that assist in keeping more cash in the pocket. The My First Texas Home program presents down payment assistance for first-time buyers — while TSAHC offers Mortgage Credit Certificates that can provide tax savings. In Austin, income-eligible first-time buyers may qualify for up to $40,000 toward down payment and closing costs, subject to program rules. The mentioned programs are great, as they allow you to purchase a home without completely emptying the savings account.
Why Work With Dimov Partners?
Purchasing a home on a $100,000 salary is a smart action in Texas, but the "correct" price varies with the unique financial goals. At Dimov Partners, we don’t just look at a spreadsheet; we take all life details into consideration. Reach out to us today for 70+ dedicated tax services.