Market Overview
Home Prices in Monahans, TX
The median home value in Monahans, TX is $203,812 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and down 7.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monahans are priced50% below average.
Over the past five years, Monahans home values have fallen by approximately14.5%, reflecting softening conditions in this market.
Price History
Monahans Home Price Trend
2020
$224,053
$224K
—
2021
$238,317
$238K
+6.4%
2022
$238,228
$238K
+-0.0%
2023
$203,758
$204K
-14.5%
2024
$209,495
$209K
+2.8%
2025
$194,376
$194K
-7.2%
2026
$203,812
$204K
+4.9%
City Comparison
Monahans vs. National Median
🏠 Monahans
$203,812
National Median
$410,000
At $203,812, homes in Monahans cost 50% below the national median of $410,000. This makes Monahans a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monahans?
20% Down Payment
$40,762
on $203,812
Monthly P&I
$1,063/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,350/mo
incl. taxes & insurance
Income Needed
$54,000
gross annual (30% rule)
10% Down Option
$20,381
+ PMI applies
Loan Amount (20% dn)
$163,050
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 Monahans, TX?
The median home value in Monahans is $203,812 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Monahans?
Over the past year, home values in Monahans have increased by 4.9%. Over five years, prices have fallen approximately 14.5%.
How much do I need to earn to buy a home in Monahans?
To comfortably afford the median home price of $203,812 with a 20% down payment ($40,762) at today's rates (6.8%), you'd need a gross annual income of approximately $54,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Monahans compare to the national average home price?
The national median home value is approximately $410,000. At $203,812, homes in Monahans are 50% below the national average.