Belterra: How Mortgage Rates Shape Buying Power Now
By George Arnold Alexander III, MPA · Associate Broker · 2026-10-24
Key figures · Belterra · rolling 6 months ending Sep 30, 2026
- 60 homes sold in Belterra in the 6 months ending Sep 30, 2026 (up 11.1% on a year earlier).
- Median sale price: $680,000 (down 2.5% on a year earlier).
- Median price per square foot: $237.
- Median days on market: 14.
- Median sale price as a share of the original list price: 98.0%.
- 14 homes for sale now, about 1.4 months of supply at the pace of the last six months.
Source: Unlock MLS, rolling 6 months ending Sep 30, 2026. Homes only (single-family, condo, townhome). Information deemed reliable but not guaranteed.
What does a 7.32% mortgage rate mean for buyers in Belterra today? With the median closed price at $680,000 across 60 sales in the rolling six months ending September 30, 2026, monthly payments are sensitive to every basis point. A standard purchase with a 7.32% note rate results in a principal-and-interest payment of $3,737 per month.
ALEX Intelligence modeled the impact of common buydown structures to show how buyers can manage this cost. A 3-2-1 buydown reduces the interest rate to 4.32% in year one, lowering the monthly payment to $2,698 and saving $1,039 per month compared to the standard rate. This structure costs $25,332 total over three years, which is 3.73% of the median sale price. A 2-1 buydown offers a smaller reduction for year one, resulting in a monthly payment of $3,028, with a total cost of $12,864 or 1.89% of the price.
These figures illustrate that while rates are elevated, strategic concessions can bridge the gap between affordability and current market conditions. Buyers should weigh the upfront cost of these buydowns against their long-term holding plans to determine if the monthly savings justify the expense. The data reflects median values; individual results vary based on credit profile and loan terms.
Looking to buy in Belterra? Get new listings the day they hit the market.
Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals.
Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog
MIT, Nvidia, Google & IBM-Trained. Cross Domain-Expert: Quantum, AI, Ethics, Sovereignty, Intelligence, Philanthropy. Solepoint Planning. VUI AI Cloud Architect. AI Certifications Development. Quant/AI Instructor. Castor Venture Club Member. Associate Broker.
George Arnold Alexander III, MPA
Director, ALEX Companies
Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al.
Texas License #574878-B · Broker License #565194-BB
Broker, ALEX Real Estate · North Carolina License #367733
Independent Broker, ALEX Real Estate · Colorado License #II.100112456
[email protected] · +1 713.918.9951
Source data: Unlock MLS closed sales, rolling 6 months ending Sep 30, 2026, n=60; Freddie Mac Primary Mortgage Market Survey, week of Oct 22, 2026
Licensed by the Texas Real Estate Commission. Broker: Alexander Tiffany Southwest, LLC · License #565194-BB.
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B · George Arnold Alexander III, Director, ALEX Companies · Associate Broker · #574878-B
Texas Real Estate Commission Information About Brokerage Services · TREC Consumer Protection Notice · trec.texas.gov
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B · George Arnold Alexander III, Director, ALEX Companies · Associate Broker · #574878-B
Texas Real Estate Commission Information About Brokerage Services · TREC Consumer Protection Notice · trec.texas.gov