Market Overview
Home Prices in Ransom Canyon, TX
The median home value in Ransom Canyon, TX is $392,173 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ransom Canyon are priced4% below average. Ransom Canyon is part of the Lubbock, TX metro area.
Over the past five years, Ransom Canyon home values have risen by approximately22.9%, reflecting strong long-term appreciation in this market.
Price History
Ransom Canyon Home Price Trend
City Comparison
Ransom Canyon vs. National Median
At $392,173, homes in Ransom Canyon cost 4% below the national median of $410,000. This makes Ransom Canyon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ransom Canyon?
20% Down Payment
$78,435
on $392,173
Monthly P&I
$2,045/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,597/mo
incl. taxes & insurance
Income Needed
$103,880
gross annual (30% rule)
10% Down Option
$39,217
+ PMI applies
Loan Amount (20% dn)
$313,738
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 Ransom Canyon, TX?
The median home value in Ransom Canyon is $392,173 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Ransom Canyon?
Over the past year, home values in Ransom Canyon have increased by 3.5%. Over five years, prices have risen approximately 22.9%.
How much do I need to earn to buy a home in Ransom Canyon?
To comfortably afford the median home price of $392,173 with a 20% down payment ($78,435) at today's rates (6.8%), you'd need a gross annual income of approximately $103,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Ransom Canyon compare to the national average home price?
The national median home value is approximately $410,000. At $392,173, homes in Ransom Canyon are 4% below the national average.
What metro area is Ransom Canyon part of?
Ransom Canyon is part of the Lubbock, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.