How Much House Can I Afford on a 170k Income in Texas?

With a 170k income, you're well-positioned to purchase a home in Texas. Financial advisors recommend spending about 3 to 4 times your annual income on a home, suggesting a budget between $510,000 and $680,000, depending on factors like your down payment and existing debts.

In Houston, the median home price is approximately $350,000, which is below your minimum affordability range. This situation opens up a broad selection of homes, potentially allowing you to consider higher-end properties or homes in better neighborhoods.

Other areas such as San Antonio and Dallas offer competitive pricing at around $330,000. Texas's property tax rate averages 1.85%, adding roughly $6,475 annually on an average home. Coupled with a cost of living slightly below the national average, your income provides ample opportunities for homeownership.