Market Overview
Home Prices in Loraine, TX
The median home value in Loraine, TX is $88,332 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5% compared to a year ago and down 9.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Loraine are priced78% below average.
Price History
Loraine Home Price Trend
2022
$143,595
$144K
—
2023
$120,230
$120K
-16.3%
2024
$102,463
$102K
-14.8%
2025
$93,012
$93K
-9.2%
2026
$88,332
$88K
-5.0%
City Comparison
Loraine vs. National Median
🏠 Loraine
$88,332
National Median
$410,000
At $88,332, homes in Loraine cost 78% below the national median of $410,000. This makes Loraine a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Loraine?
20% Down Payment
$17,666
on $88,332
Monthly P&I
$461/mo
30-yr @ 6.8%
Total Monthly Est.
~$585/mo
incl. taxes & insurance
Income Needed
$23,400
gross annual (30% rule)
10% Down Option
$8,833
+ PMI applies
Loan Amount (20% dn)
$70,666
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 Loraine, TX?
The median home value in Loraine is $88,332 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5% year-over-year.
How much have home prices changed in Loraine?
Over the past year, home values in Loraine have decreased by 5%.
How much do I need to earn to buy a home in Loraine?
To comfortably afford the median home price of $88,332 with a 20% down payment ($17,666) at today's rates (6.8%), you'd need a gross annual income of approximately $23,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Loraine compare to the national average home price?
The national median home value is approximately $410,000. At $88,332, homes in Loraine are 78% below the national average.