Market Overview
Home Prices in Nocona, TX
The median home value in Nocona, TX is $224,746 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and down 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nocona are priced45% below average.
Over the past five years, Nocona home values have risen by approximately8.0%, reflecting steady appreciation in this market.
Price History
Nocona Home Price Trend
2020
$176,072
$176K
—
2021
$208,126
$208K
+18.2%
2022
$253,480
$253K
+21.8%
2023
$235,677
$236K
-7.0%
2024
$232,065
$232K
-1.5%
2025
$226,000
$226K
-2.6%
2026
$224,746
$225K
-0.6%
City Comparison
Nocona vs. National Median
🏠 Nocona
$224,746
National Median
$410,000
At $224,746, homes in Nocona cost 45% below the national median of $410,000. This makes Nocona a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nocona?
20% Down Payment
$44,949
on $224,746
Monthly P&I
$1,172/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,488/mo
incl. taxes & insurance
Income Needed
$59,520
gross annual (30% rule)
10% Down Option
$22,475
+ PMI applies
Loan Amount (20% dn)
$179,797
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 Nocona, TX?
The median home value in Nocona is $224,746 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Nocona?
Over the past year, home values in Nocona have decreased by 0.6%. Over five years, prices have risen approximately 8.0%.
How much do I need to earn to buy a home in Nocona?
To comfortably afford the median home price of $224,746 with a 20% down payment ($44,949) at today's rates (6.8%), you'd need a gross annual income of approximately $59,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Nocona compare to the national average home price?
The national median home value is approximately $410,000. At $224,746, homes in Nocona are 45% below the national average.