Market Overview
Home Prices in Cranfills Gap, TX
The median home value in Cranfills Gap, TX is $338,697 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cranfills Gap are priced17% below average.
Price History
Cranfills Gap Home Price Trend
2024
$325,859
$326K
—
2025
$334,315
$334K
+2.6%
2026
$338,697
$339K
+1.3%
City Comparison
Cranfills Gap vs. National Median
🏠 Cranfills Gap
$338,697
National Median
$410,000
At $338,697, homes in Cranfills Gap cost 17% below the national median of $410,000. This makes Cranfills Gap a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cranfills Gap?
20% Down Payment
$67,739
on $338,697
Monthly P&I
$1,766/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,243/mo
incl. taxes & insurance
Income Needed
$89,720
gross annual (30% rule)
10% Down Option
$33,870
+ PMI applies
Loan Amount (20% dn)
$270,958
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 Cranfills Gap, TX?
The median home value in Cranfills Gap is $338,697 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Cranfills Gap?
Over the past year, home values in Cranfills Gap have increased by 1.3%.
How much do I need to earn to buy a home in Cranfills Gap?
To comfortably afford the median home price of $338,697 with a 20% down payment ($67,739) at today's rates (6.8%), you'd need a gross annual income of approximately $89,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Cranfills Gap compare to the national average home price?
The national median home value is approximately $410,000. At $338,697, homes in Cranfills Gap are 17% below the national average.