Lee County: Entry-Level Homes and Affordability Check

What does it cost to buy an entry-level home in Lee County today? The median sale price for the bottom quartile of homes is $347,000 across 48 closed sales in the rolling six months ending September 30, 2026. This figure represents the threshold for affordable inventory in the current market cycle. ALEX Intelligence analyzed the relationship between this median entry-level price and current financing costs to determine affordability. With a 7.4% mortgage rate sourced from Freddie Mac for the week of October 8, 2026, a buyer purchasing at the median price with a 20% down payment faces a principal and interest payment of $1,922 per month. This calculation assumes standard financing terms and does not include taxes or insurance. The market shows that homes in this entry-level tier are selling for an average of $180 per square foot, which is up 5.3% from the prior six-month period but down 10.9% compared to the same window last year. While the median price has risen 9.3% since the previous six months, the days on market have dropped significantly by 39.3%, indicating that entry-level properties are moving faster than in the past. For buyers considering a buydown to lower their initial payments, a 3-2-1 buydown would cost $12,972 (3.74% of the price) and reduce the first-year rate to 4.4%, while a 2-1 buydown costs $6,588 (1.9% of the price) for a first-year rate of 5.4%. These figures are ALEX Intelligence estimates based on the median sale price and current rates, not appraisals. The data suggests that despite higher interest rates, entry-level demand remains steady as homes sell in an average of 54 days. Buyers should note that cash purchases were not recorded in this sample (n=0), meaning all analyzed transactions involved financing. Want first look at Lee County homes? Get new listings sent to you the day they appear. 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