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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

Gainesville, TX Housing Affordability Index

Gainesville, Texas has an MBR Housing Affordability Index score of 117.1 (More Affordable Than Average) as of October 30, 2026, ranking 711th most affordable of 1,229 scored Texas cities, compared with 99.2 statewide and 97.4 nationally. On a median-priced $177,000 home with 20% down, the Texas average 30-year fixed rate of 7.29% means a monthly principal and interest payment of about $970, or 20% of the city’s $58,809 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Gainesville 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.

Gainesville MBR-HAI 117.1 More Affordable Than Average
Rank in Texas 711 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 $177,000 U.S. Census Bureau

Gainesville is 17.9 points above the Texas score. Scores as of October 30, 2026. See the Texas index

View Gainesville Mortgage Rates

What It Takes to Buy in Gainesville

$970/mo
Principal & Interest
Median home, 20% down, 7.29%
$41,600
Income Needed
To keep the payment at 28% of income
$58,809
Median Household Income
Texas: $78,476
3.0x
Price-to-Income Ratio
Texas: 3.6x
$966/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,653/yr
Median Property Tax
1.50% of median value
24.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
41.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Gainesville Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Gainesville, Texas score: 117.1 (More Affordable Than Average), ranked 711 of 1,229 Texas cities. monitorbankrates.com/housing-affordability-index/texas/gainesville”