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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Childress, TX Housing Affordability Index

Childress, Texas has an MBR Housing Affordability Index score of 185.8 (Highly Affordable) as of October 30, 2026, ranking 169th most affordable of 1,229 scored Texas cities, compared with 99.2 statewide and 97.4 nationally. On a median-priced $85,900 home with 20% down, the Texas average 30-year fixed rate of 7.29% means a monthly principal and interest payment of about $471, or 10% of the city’s $57,644 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Childress is updated every night from live Texas mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Childress MBR-HAI 185.8 Highly Affordable
Rank in Texas 169 of 1,229 1 = most affordable
Texas 99.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.29% Texas lenders
Median home value $85,900 U.S. Census Bureau

Childress is 86.6 points above the Texas score. Scores as of October 30, 2026. See the Texas index

View Childress Mortgage Rates

See What You Can Afford in Childress, Texas

Use this Childress, Texas home affordability calculator to see how much house you can afford at today’s Texas average 30-year mortgage rate of 7.29%. A household earning the Childress median income of $57,644, with no other debts and $17,000 down, can afford a home of about $145,863, compared with a median home value of $85,900. Buying the median priced home with 20% down takes a household income of about $30,500 once property tax and insurance are counted.

Childress median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Texas average, 30-year fixed
Childress median bill (Census)
Estimate; use your quote
You can afford a home up to
$145,863
At or above the Childress median home value of $85,900
Loan amount$128,863
Principal & interest$883/mo
Property tax$348/mo
Home insurance$61/mo
PMI$54/mo
Total monthly payment$1,345/mo
Compare Childress Mortgage Rates

How much house can you afford in Childress?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Childress, property taxes run about 2.86% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $2,148 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Childress

$471/mo
Principal & Interest
Median home, 20% down, 7.29%
$20,200
Income Needed
To keep principal and interest at 28% of income
$57,644
Median Household Income
Texas: $78,476
1.5x
Price-to-Income Ratio
Texas: 3.6x
$580/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,461/yr
Median Property Tax
2.86% of median value
25.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
41.8%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Childress, Texas. The rate is the Texas average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Childress Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Childress, Texas score: 185.8 (Highly Affordable), ranked 169 of 1,229 Texas cities. monitorbankrates.com/housing-affordability-index/texas/childress”