Market Overview
Home Prices in Rice, TX
The median home value in Rice, TX is $298,645 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.5% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rice are priced27% below average. Rice is part of the Corsicana, TX metro area.
Over the past five years, Rice home values have risen by approximately18.7%, reflecting steady appreciation in this market.
Price History
Rice Home Price Trend
2020
$206,744
$207K
—
2021
$251,581
$252K
+21.7%
2022
$291,175
$291K
+15.7%
2023
$296,879
$297K
+2.0%
2024
$301,661
$302K
+1.6%
2025
$306,246
$306K
+1.5%
2026
$298,645
$299K
-2.5%
City Comparison
Rice vs. National Median
🏠 Rice
$298,645
National Median
$410,000
At $298,645, homes in Rice cost 27% below the national median of $410,000. This makes Rice a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Rice?
20% Down Payment
$59,729
on $298,645
Monthly P&I
$1,558/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,979/mo
incl. taxes & insurance
Income Needed
$79,160
gross annual (30% rule)
10% Down Option
$29,865
+ PMI applies
Loan Amount (20% dn)
$238,916
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 Rice, TX?
The median home value in Rice is $298,645 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.5% year-over-year.
How much have home prices changed in Rice?
Over the past year, home values in Rice have decreased by 2.5%. Over five years, prices have risen approximately 18.7%.
How much do I need to earn to buy a home in Rice?
To comfortably afford the median home price of $298,645 with a 20% down payment ($59,729) at today's rates (6.8%), you'd need a gross annual income of approximately $79,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Rice compare to the national average home price?
The national median home value is approximately $410,000. At $298,645, homes in Rice are 27% below the national average.
What metro area is Rice part of?
Rice is part of the Corsicana, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.