CALCMONEY // HOME AFFORDABILITY // TX // WEST UNIVERSITY PLACE
How much house can you afford in West University Place? Based on local median home prices, current TX mortgage rates, and West University Place property tax data.
$1,400,000
$10,314/mo
$442,024/yr
$322,709
Monthly housing costs of $10,314 represent 61.9% of West University Place's median gross monthly income ($16,667/mo). At 61.9%, median-income buyers in West University Place are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,400,000 |
| Down Payment (20%) | $280,000 |
| Loan Amount | $1,120,000 |
| Monthly PI Payment | $7,339 |
| Monthly Property Tax | $2,392 |
| Monthly Insurance Est. | $583 |
| Total Monthly PITI | $10,314 |
| Housing Cost % of Income | 61.9% |
| Required Income (28% rule) | $442,024/yr |
| Max Affordable Home | $322,709 |
$49,000
$12,785/mo
West University Place Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,400,000 | West University Place city median |
| Down Payment (20%) | $280,000 | Conventional loan |
| Monthly PITI | $10,314 | 6.85% rate, 30yr fixed |
| Required Income (28% rule) | $442,024 | Annual gross |
| Max Affordable Home | $322,709 | Based on median income |
| FHA Down (3.5%) | $49,000 | Minimum FHA |
| Housing Cost % of Income | 61.9% | Median income: $200,000/yr |
| Property Tax Rate | 2.05% | $28,700/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in West University Place is $1,400,000, with a local 30-year mortgage rate of 6.85%. A buyer putting 20% down carries a loan of $1,120,000, generating a monthly P&I payment of $7,339. Adding property taxes ($2,392/mo) and homeowners insurance ($583/mo) brings total monthly PITI to $10,314.
West University Place'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 West University Place median home, that is $2,392/month, or $28,700 per year.
Texas has no state income tax, improving effective take-home pay for West University Place residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning West University Place's median income of $200,000/year can afford up to $4,667/month in total housing costs. Based on West University Place's mortgage rate of 6.85% and property tax rate of 2.05%, that translates to a maximum affordable home price of approximately $322,709 with 20% down on a 30-year loan.
To afford the median West University Place home priced at $1,400,000, you need an annual gross income of approximately $442,024. Total monthly housing costs (principal and interest of $7,339, property taxes of $2,392, and insurance of $583) come to $10,314/month, which equals 28% of the required income.
At the median home price of $1,400,000 and median household income of $200,000, the total monthly housing cost of $10,314 represents 61.9% of gross monthly income. This is well above the standard 28% threshold, making West University Place a challenging market for buyers at median income.
A conventional 20% down payment on the median West University Place home of $1,400,000 is $280,000. An FHA loan requires just 3.5% down — $49,000 — but adds mortgage insurance of roughly $957/month, bringing total FHA payments to $12,785/month.