Market Overview
Home Prices in Lorena, TX
The median home value in Lorena, TX is $347,891 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.9% compared to a year ago and down 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lorena are priced15% below average. Lorena is part of the Waco, TX metro area.
Over the past five years, Lorena home values have risen by approximately21.6%, reflecting strong long-term appreciation in this market.
Price History
Lorena Home Price Trend
City Comparison
Lorena vs. National Median
At $347,891, homes in Lorena cost 15% below the national median of $410,000. This makes Lorena a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lorena?
20% Down Payment
$69,578
on $347,891
Monthly P&I
$1,814/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,304/mo
incl. taxes & insurance
Income Needed
$92,160
gross annual (30% rule)
10% Down Option
$34,789
+ PMI applies
Loan Amount (20% dn)
$278,313
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 Lorena, TX?
The median home value in Lorena is $347,891 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.9% year-over-year.
How much have home prices changed in Lorena?
Over the past year, home values in Lorena have decreased by 0.9%. Over five years, prices have risen approximately 21.6%.
How much do I need to earn to buy a home in Lorena?
To comfortably afford the median home price of $347,891 with a 20% down payment ($69,578) at today's rates (6.8%), you'd need a gross annual income of approximately $92,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Lorena compare to the national average home price?
The national median home value is approximately $410,000. At $347,891, homes in Lorena are 15% below the national average.
What metro area is Lorena part of?
Lorena is part of the Waco, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.