Market Overview
Home Prices in Muleshoe, TX
The median home value in Muleshoe, TX is $151,106 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4% compared to a year ago and down 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Muleshoe are priced63% below average.
Over the past five years, Muleshoe home values have risen by approximately9.6%, reflecting steady appreciation in this market.
Price History
Muleshoe Home Price Trend
2020
$118,718
$119K
—
2021
$137,851
$138K
+16.1%
2022
$152,509
$153K
+10.6%
2023
$141,968
$142K
-6.9%
2024
$160,021
$160K
+12.7%
2025
$157,387
$157K
-1.6%
2026
$151,106
$151K
-4.0%
City Comparison
Muleshoe vs. National Median
🏠 Muleshoe
$151,106
National Median
$410,000
At $151,106, homes in Muleshoe cost 63% below the national median of $410,000. This makes Muleshoe a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Muleshoe?
20% Down Payment
$30,221
on $151,106
Monthly P&I
$788/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,001/mo
incl. taxes & insurance
Income Needed
$40,040
gross annual (30% rule)
10% Down Option
$15,111
+ PMI applies
Loan Amount (20% dn)
$120,885
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 Muleshoe, TX?
The median home value in Muleshoe is $151,106 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4% year-over-year.
How much have home prices changed in Muleshoe?
Over the past year, home values in Muleshoe have decreased by 4%. Over five years, prices have risen approximately 9.6%.
How much do I need to earn to buy a home in Muleshoe?
To comfortably afford the median home price of $151,106 with a 20% down payment ($30,221) at today's rates (6.8%), you'd need a gross annual income of approximately $40,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Muleshoe compare to the national average home price?
The national median home value is approximately $410,000. At $151,106, homes in Muleshoe are 63% below the national average.