Market Overview
Home Prices in Alice, TX
The median home value in Alice, TX is $129,062 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 8.1% compared to a year ago and down 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alice are priced69% below average. Alice is part of the Alice, TX metro area.
Over the past five years, Alice home values have fallen by approximately22.7%, reflecting softening conditions in this market.
Price History
Alice Home Price Trend
2020
$163,087
$163K
—
2021
$166,864
$167K
+2.3%
2022
$156,981
$157K
-5.9%
2023
$152,898
$153K
-2.6%
2024
$146,657
$147K
-4.1%
2025
$140,508
$141K
-4.2%
2026
$129,062
$129K
-8.1%
City Comparison
Alice vs. National Median
🏠 Alice
$129,062
National Median
$410,000
At $129,062, homes in Alice cost 69% below the national median of $410,000. This makes Alice a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alice?
20% Down Payment
$25,812
on $129,062
Monthly P&I
$673/mo
30-yr @ 6.8%
Total Monthly Est.
~$855/mo
incl. taxes & insurance
Income Needed
$34,200
gross annual (30% rule)
10% Down Option
$12,906
+ PMI applies
Loan Amount (20% dn)
$103,250
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alice, TX?
The median home value in Alice is $129,062 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 8.1% year-over-year.
How much have home prices changed in Alice?
Over the past year, home values in Alice have decreased by 8.1%. Over five years, prices have fallen approximately 22.7%.
How much do I need to earn to buy a home in Alice?
To comfortably afford the median home price of $129,062 with a 20% down payment ($25,812) at today's rates (6.8%), you'd need a gross annual income of approximately $34,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Alice compare to the national average home price?
The national median home value is approximately $410,000. At $129,062, homes in Alice are 69% below the national average.
What metro area is Alice part of?
Alice is part of the Alice, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.