Market Overview
Home Prices in Chico, TX
The median home value in Chico, TX is $366,567 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.9% compared to a year ago and down 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chico are priced11% below average. Chico is part of the Dallas-Fort Worth-Arlington, TX metro area.
Over the past five years, Chico home values have risen by approximately15.6%, reflecting steady appreciation in this market.
Price History
Chico Home Price Trend
City Comparison
Chico vs. National Median
At $366,567, homes in Chico cost 11% below the national median of $410,000. This makes Chico a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chico?
20% Down Payment
$73,313
on $366,567
Monthly P&I
$1,912/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,428/mo
incl. taxes & insurance
Income Needed
$97,120
gross annual (30% rule)
10% Down Option
$36,657
+ PMI applies
Loan Amount (20% dn)
$293,254
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 Chico, TX?
The median home value in Chico is $366,567 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.9% year-over-year.
How much have home prices changed in Chico?
Over the past year, home values in Chico have decreased by 0.9%. Over five years, prices have risen approximately 15.6%.
How much do I need to earn to buy a home in Chico?
To comfortably afford the median home price of $366,567 with a 20% down payment ($73,313) at today's rates (6.8%), you'd need a gross annual income of approximately $97,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Chico compare to the national average home price?
The national median home value is approximately $410,000. At $366,567, homes in Chico are 11% below the national average.
What metro area is Chico part of?
Chico is part of the Dallas-Fort Worth-Arlington, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.