Temple, TX home values, income, and owner costs

In Temple, TX, the 2024 ACS reports a median owner-occupied home value of $239,000, median household income of $68,204, and median selected monthly owner costs of $1,729 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 $1,729 measure combines recurring ownership expenses instead of real estate taxes alone. In practical terms, a useful affordability review starts with $239,000, $68,204, and $1,729, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Temple, TX's $239,000 median home-value estimate is below the statewide $283,800 estimate, with a reported city-to-state gap of 15.8%. For the decision at hand, that 15.8% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Temple, TX. It does not mean every local property is 15.8% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. In practical terms, a borrower can use $239,000 and $283,800 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.