Market Overview
Home Prices in Follett, TX
The median home value in Follett, TX is $114,755 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 8.4% compared to a year ago and down 17.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Follett are priced72% below average.
Price History
Follett Home Price Trend
2022
$201,664
$202K
—
2023
$177,139
$177K
-12.2%
2024
$152,657
$153K
-13.8%
2025
$125,318
$125K
-17.9%
2026
$114,755
$115K
-8.4%
City Comparison
Follett vs. National Median
🏠 Follett
$114,755
National Median
$410,000
At $114,755, homes in Follett cost 72% below the national median of $410,000. This makes Follett a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Follett?
20% Down Payment
$22,951
on $114,755
Monthly P&I
$598/mo
30-yr @ 6.8%
Total Monthly Est.
~$759/mo
incl. taxes & insurance
Income Needed
$30,360
gross annual (30% rule)
10% Down Option
$11,476
+ PMI applies
Loan Amount (20% dn)
$91,804
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 Follett, TX?
The median home value in Follett is $114,755 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 8.4% year-over-year.
How much have home prices changed in Follett?
Over the past year, home values in Follett have decreased by 8.4%.
How much do I need to earn to buy a home in Follett?
To comfortably afford the median home price of $114,755 with a 20% down payment ($22,951) at today's rates (6.8%), you'd need a gross annual income of approximately $30,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Follett compare to the national average home price?
The national median home value is approximately $410,000. At $114,755, homes in Follett are 72% below the national average.