Belton Entry-Level Homes: Can Buyers Afford Them?

Can buyers afford entry-level homes in Belton when the median price sits at $340,000 and mortgage rates are 7.32%? ALEX Intelligence analyzed the bottom quartile of sales to determine affordability for first-time buyers in this market. Over the rolling six months ending September 30, 2026, 92 homes closed in Belton with a median price of $339,625. This figure represents the entry-level threshold for the city during this period. At a current mortgage rate of 7.32% from the Freddie Mac Primary Mortgage Market Survey, a buyer purchasing at this median price faces a principal and interest payment of $1,866 per month based on the loan amount of $271,700. To make these homes more accessible, some sellers offer buydowns. A standard 3-2-1 buydown would cost approximately $12,636, or 3.72% of the median sale price, reducing the initial monthly payment to $1,348 in the first year. A 2-1 buydown costs about $6,420, lowering the first-year payment to $1,512. These concessions effectively lower the cost of borrowing for buyers entering the market at current rate levels. The median living area for these entry-level transactions was 2,184 square feet, up 5% from the prior period. While the median price per square foot dropped 7.8% compared to last year, the combination of higher interest rates and entry-level pricing requires careful budgeting. Buyers in Belton today are navigating a market where affordability hinges on both the purchase price and available financing incentives. Want to see this home? Call or text George at 713.918.9951 for a private showing. Coverage: most home sales in Belton are listed in another MLS, which ALEX does not receive yet. The figures in this post count only sales listed in Unlock MLS (ABOR), so they describe part of the local market, not all of it. 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