Home Affordability in Wichita Falls, TX on $60k
At a modeled 28% PITI-to-income target, your estimated affordable home price is about $211,847. Compared with the median home price of $142,600, that’s within reach. This scenario lines up near the local median household benchmark.
Cost-of-living tier: moderate
What drives the budget here?
This area is generally mid-range based on a cost-of-living index of 100 (U.S. average = 100).
In the site’s estimated monthly breakdown, the largest category is Homeownership (principal + interest) (1,127.541/mo), so that’s the biggest lever for moving the overall budget up or down.
Practical next steps
- In this page’s estimates, Homeownership (principal + interest) is the main reason the overall budget is high or low.
Estimated affordable home price
$211,847 (28% housing-cost-to-income, 20% down, 30-year)
Down payment: $42,369
Monthly P&I + tax + insurance: $1,410.004/mo
Comparison to Wichita Falls median
Median home price in Wichita Falls: $142,600
Verdict: Within reach
Gap: Median is $69,247 below your estimated affordable price.