Market Overview
Home Prices in Damon, TX
The median home value in Damon, TX is $369,422 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.2% compared to a year ago and up 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Damon are priced10% below average. Damon is part of the Houston-The Woodlands-Sugar Land, TX metro area.
Over the past five years, Damon home values have risen by approximately16.2%, reflecting steady appreciation in this market.
Price History
Damon Home Price Trend
City Comparison
Damon vs. National Median
At $369,422, homes in Damon cost 10% below the national median of $410,000. This makes Damon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Damon?
20% Down Payment
$73,884
on $369,422
Monthly P&I
$1,927/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,447/mo
incl. taxes & insurance
Income Needed
$97,880
gross annual (30% rule)
10% Down Option
$36,942
+ PMI applies
Loan Amount (20% dn)
$295,538
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 Damon, TX?
The median home value in Damon is $369,422 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.2% year-over-year.
How much have home prices changed in Damon?
Over the past year, home values in Damon have increased by 1.2%. Over five years, prices have risen approximately 16.2%.
How much do I need to earn to buy a home in Damon?
To comfortably afford the median home price of $369,422 with a 20% down payment ($73,884) at today's rates (6.8%), you'd need a gross annual income of approximately $97,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Damon compare to the national average home price?
The national median home value is approximately $410,000. At $369,422, homes in Damon are 10% below the national average.
What metro area is Damon part of?
Damon is part of the Houston-The Woodlands-Sugar Land, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.