Cedar Creek Entry-Level Homes: Affordability Check

What does it take to buy an entry-level home in Cedar Creek today? The median price for the bottom quartile of sales sits at $369,990 across 107 closed transactions over the last six months. This figure represents the most affordable tier available in the market right now. ALEX Intelligence analyzed the current mortgage environment to determine buying power. With a 30-year fixed rate at 7.32% as of late October 2026, a buyer faces a principal and interest payment of $2,033 per month on this median price. This calculation uses the median sale price of $369,990 and assumes standard financing terms. The market has shifted significantly compared to last year. While entry-level prices are lower than the 10% threshold for luxury homes ($655,000), the cost of borrowing remains high. A 3-2-1 buydown would reduce the first-year rate to 4.32%, lowering the monthly payment to $1,468 and saving $565 per month, though it costs $13,776 upfront. Without a buydown, the full 7.32% rate applies immediately. Inventory for these homes remains tight, with only 108 active listings today against 109 closings in the prior six months. This creates a competitive environment where buyers must act quickly on properties priced near the median. The data shows that while prices have dipped slightly from last year, financing costs remain the primary factor influencing affordability for entry-level purchasers. Want to see this home? Call or text George at 713.918.9951 for a private showing. 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