Affordability evidence
Galveston, TX home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Galveston, TX.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
In Galveston, TX, the 2024 ACS reports a median owner-occupied home value of $326,000, median household income of $55,631, and median selected monthly owner costs of $2,191 for owners with a mortgage. For the decision at hand, together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,191 measure combines recurring ownership expenses instead of real estate taxes alone. In practical terms, a useful affordability review starts with $326,000, $55,631, and $2,191, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Galveston, TX's $326,000 median home-value estimate is above the statewide $283,800 estimate, with a reported city-to-state gap of 14.9%.