Market Overview
Home Prices in Knox City, TX
The median home value in Knox City, TX is $81,142 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.7% compared to a year ago and down 8.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Knox City are priced80% below average.
Price History
Knox City Home Price Trend
2022
$90,259
$90K
—
2023
$84,372
$84K
-6.5%
2024
$79,065
$79K
-6.3%
2025
$72,628
$73K
-8.1%
2026
$81,142
$81K
+11.7%
City Comparison
Knox City vs. National Median
🏠 Knox City
$81,142
National Median
$410,000
At $81,142, homes in Knox City cost 80% below the national median of $410,000. This makes Knox City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Knox City?
20% Down Payment
$16,228
on $81,142
Monthly P&I
$423/mo
30-yr @ 6.8%
Total Monthly Est.
~$537/mo
incl. taxes & insurance
Income Needed
$21,480
gross annual (30% rule)
10% Down Option
$8,114
+ PMI applies
Loan Amount (20% dn)
$64,914
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 Knox City, TX?
The median home value in Knox City is $81,142 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.7% year-over-year.
How much have home prices changed in Knox City?
Over the past year, home values in Knox City have increased by 11.7%.
How much do I need to earn to buy a home in Knox City?
To comfortably afford the median home price of $81,142 with a 20% down payment ($16,228) at today's rates (6.8%), you'd need a gross annual income of approximately $21,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Knox City compare to the national average home price?
The national median home value is approximately $410,000. At $81,142, homes in Knox City are 80% below the national average.