Can You Afford to Buy a Home in Longview?
The median home in Longview costs $178,200. To afford it at current mortgage rates with 20% down, you need a household income of about $51,429/year. Your monthly payment would be around $1,200, including taxes and insurance.
Based on national median home values adjusted by Longview’s Regional Price Parity (89.48). Current 30-year fixed rate: 6.52% (Freddie Mac, as of Jun 11, 2026). Methodology
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Monthly payment breakdown
$178,200 home, 20% down, 6.52% rate, 30-year fixed
Rent vs. buy in Longview
Buying costs $1/mo more than renting, but you build equity. Over 5 years at current appreciation rates, homeowners in similar markets have gained significant equity.
What can you afford in Longview?
Home price you can afford at each salary level (28% DTI, 20% down)
| Salary | Home you can afford | Monthly payment |
|---|---|---|
| $50K | $172K | $1,200 |
| $75K | $287K | $1,200 |
| $100K | $402K | $1,200 |
| $125K | $517K | $1,200 |
| $150K | $632K | $1,200 |
| $200K | $862K | $1,200 |
Based on 28% front-end DTI ratio, 20% down payment, 6.52% 30-year fixed rate, 1.1% property tax, ~$150/mo insurance.
Can common careers afford a home in Longview?
Local median salary vs. the $51K needed to buy
Frequently asked questions
What salary do I need to buy a home in Longview?
To comfortably afford the median home ($178,200) in Longview with a 20% down payment and current mortgage rates, you need a household income of about $51,429. That keeps your housing costs at or below 28% of your gross income, which is the standard lender guideline.
How much does a house cost in Longview?
The median home price in the Longview, TX metro area is $178,200, based on the Census ACS 2023 median home value for the metro. Prices vary widely by neighborhood. A 20% down payment would be $35,640, or $8,910 at 5% down.
What would my monthly mortgage be in Longview?
On a $178,200 home with 20% down at current rates, your estimated monthly payment would be $1,200 including principal, interest, property tax, and insurance. With only 5% down, add about $71/mo for PMI.
Is it cheaper to rent or buy in Longview?
Median 2-bedroom rent in Longview is $1,199/mo (HUD Fair Market Rent). The estimated mortgage payment on the median home is $1,200/mo. Buying costs more per month, but you build equity over time.