CALCMONEY // HOME AFFORDABILITY // TX // FRISCO
How much house can you afford in Frisco? Based on local median home prices, current TX mortgage rates, and Frisco property tax data.
$560,000
$4,141/mo
$177,451/yr
$305,572
Monthly housing costs of $4,141 represent 41.4% of Frisco's median gross monthly income ($10,000/mo). At 41.4%, median-income buyers in Frisco are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $560,000 |
| Down Payment (20%) | $112,000 |
| Loan Amount | $448,000 |
| Monthly PI Payment | $2,951 |
| Monthly Property Tax | $957 |
| Monthly Insurance Est. | $233 |
| Total Monthly PITI | $4,141 |
| Housing Cost % of Income | 41.4% |
| Required Income (28% rule) | $177,451/yr |
| Max Affordable Home | $305,572 |
$19,600
$5,132/mo
Frisco Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $560,000 | Frisco city median |
| Down Payment (20%) | $112,000 | Conventional loan |
| Monthly PITI | $4,141 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $177,451 | Annual gross |
| Max Affordable Home | $305,572 | Based on median income |
| FHA Down (3.5%) | $19,600 | Minimum FHA |
| Housing Cost % of Income | 41.4% | Median income: $120,000/yr |
| Property Tax Rate | 2.05% | $11,480/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Frisco is $560,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $448,000, generating a monthly P&I payment of $2,951. Adding property taxes ($957/mo) and homeowners insurance ($233/mo) brings total monthly PITI to $4,141.
Frisco's property tax rate of 2.05% is notably high, meaningfully reducing how much home buyers can afford — lenders factor this directly into debt-to-income calculations. On the Frisco median home, that is $957/month, or $11,480 per year.
Texas has no state income tax, improving effective take-home pay for Frisco residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Frisco's median income of $120,000/year can afford up to $2,800/month in total housing costs. Based on Frisco's mortgage rate of 6.9% and property tax rate of 2.05%, that translates to a maximum affordable home price of approximately $305,572 with 20% down on a 30-year loan.
To afford the median Frisco home priced at $560,000, you need an annual gross income of approximately $177,451. Total monthly housing costs (principal and interest of $2,951, property taxes of $957, and insurance of $233) come to $4,141/month, which equals 28% of the required income.
At the median home price of $560,000 and median household income of $120,000, the total monthly housing cost of $4,141 represents 41.4% of gross monthly income. This is well above the standard 28% threshold, making Frisco a challenging market for buyers at median income.
A conventional 20% down payment on the median Frisco home of $560,000 is $112,000. An FHA loan requires just 3.5% down — $19,600 — but adds mortgage insurance of roughly $383/month, bringing total FHA payments to $5,132/month.