The average price of a home in Texas is approximately $315,815. That's 17.7% higher than last year. Despite the increasing prices over the years, it is significantly lower than the national average of $357,810.
The increase may seem high, but Texas is still an affordable place to live in due to its low cost of living and lack of income taxing. Additionally, its moderate weather allows skipping extra features like tornado or snowstorm protection, making house construction much cheaper.
A thorough review of your property options, available mortgage programs, homebuying process and requirements can help set you up for a relatively painless and debtless investment. MoneyGeek compiled the essential pointers such as choosing the best location, preparing for your mortgage, conducting home inspections and more for Texan homebuyers.