CALCMONEY // HOME AFFORDABILITY // TX // KELLER
How much house can you afford in Keller? Based on local median home prices, current TX mortgage rates, and Keller property tax data.
$620,000
$4,662/mo
$199,785/yr
$244,521
Monthly housing costs of $4,662 represent 48.6% of Keller's median gross monthly income ($9,583/mo). At 48.6%, median-income buyers in Keller are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $620,000 |
| Down Payment (20%) | $124,000 |
| Loan Amount | $496,000 |
| Monthly PI Payment | $3,267 |
| Monthly Property Tax | $1,137 |
| Monthly Insurance Est. | $258 |
| Total Monthly PITI | $4,662 |
| Housing Cost % of Income | 48.6% |
| Required Income (28% rule) | $199,785/yr |
| Max Affordable Home | $244,521 |
$21,700
$5,759/mo
Keller Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $620,000 | Keller city median |
| Down Payment (20%) | $124,000 | Conventional loan |
| Monthly PITI | $4,662 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $199,785 | Annual gross |
| Max Affordable Home | $244,521 | Based on median income |
| FHA Down (3.5%) | $21,700 | Minimum FHA |
| Housing Cost % of Income | 48.6% | Median income: $115,000/yr |
| Property Tax Rate | 2.2% | $13,640/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Keller is $620,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $496,000, generating a monthly P&I payment of $3,267. Adding property taxes ($1,137/mo) and homeowners insurance ($258/mo) brings total monthly PITI to $4,662.
Keller's property tax rate of 2.2% is notably high, meaningfully reducing how much home buyers can afford — lenders factor this directly into debt-to-income calculations. On the Keller median home, that is $1,137/month, or $13,640 per year.
Texas has no state income tax, improving effective take-home pay for Keller residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Keller's median income of $115,000/year can afford up to $2,683/month in total housing costs. Based on Keller's mortgage rate of 6.9% and property tax rate of 2.2%, that translates to a maximum affordable home price of approximately $244,521 with 20% down on a 30-year loan.
To afford the median Keller home priced at $620,000, you need an annual gross income of approximately $199,785. Total monthly housing costs (principal and interest of $3,267, property taxes of $1,137, and insurance of $258) come to $4,662/month, which equals 28% of the required income.
At the median home price of $620,000 and median household income of $115,000, the total monthly housing cost of $4,662 represents 48.6% of gross monthly income. This is well above the standard 28% threshold, making Keller a challenging market for buyers at median income.
A conventional 20% down payment on the median Keller home of $620,000 is $124,000. An FHA loan requires just 3.5% down — $21,700 — but adds mortgage insurance of roughly $424/month, bringing total FHA payments to $5,759/month.