Market Overview
Home Prices in Terrell Hills, TX
The median home value in Terrell Hills, TX is $916,113 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Terrell Hills are priced123% above average. Terrell Hills is part of the San Antonio-New Braunfels, TX metro area.
Over the past five years, Terrell Hills home values have risen by approximately21.4%, reflecting strong long-term appreciation in this market.
Price History
Terrell Hills Home Price Trend
City Comparison
Terrell Hills vs. National Median
At $916,113, homes in Terrell Hills cost 123% above the national median of $410,000. Buyers in Terrell Hills should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Terrell Hills?
20% Down Payment
$183,223
on $916,113
Monthly P&I
$4,778/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,068/mo
incl. taxes & insurance
Income Needed
$242,720
gross annual (30% rule)
10% Down Option
$91,611
+ PMI applies
Loan Amount (20% dn)
$732,890
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 Terrell Hills, TX?
The median home value in Terrell Hills is $916,113 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Terrell Hills?
Over the past year, home values in Terrell Hills have increased by 3.4%. Over five years, prices have risen approximately 21.4%.
How much do I need to earn to buy a home in Terrell Hills?
To comfortably afford the median home price of $916,113 with a 20% down payment ($183,223) at today's rates (6.8%), you'd need a gross annual income of approximately $242,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Terrell Hills compare to the national average home price?
The national median home value is approximately $410,000. At $916,113, homes in Terrell Hills are 123% above the national average.
What metro area is Terrell Hills part of?
Terrell Hills is part of the San Antonio-New Braunfels, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.