Salado Entry-Level Homes: Affordability Check

What does it take to afford a home in Salado today? With the median sale price for entry-level properties at $498,000 and current mortgage rates at 7.32%, monthly payments are higher than in recent years. ALEX Intelligence analyzed the bottom quartile of sales over the last six months to determine affordability for buyers entering this market. The data shows that while median prices have dipped 4.2% compared to the prior six-month period, the cost of borrowing remains a significant factor. At a 7.32% rate on a typical entry-level home with 20% down, the principal and interest payment is $2,737 per month. However, seller concessions can alter this picture. A standard 3-2-1 buydown could lower the first-year monthly payment to $1,976, reducing the cost by $761 for that year at a total cost of $18,564. This analysis covers 123 closed sales in Salado over the rolling six months ending September 30, 2026. The median price per square foot stands at $207, with homes averaging 2,619 square feet. While affordability is tighter than before, buydowns remain a viable tool for buyers to manage initial costs in this ABOR-listed market. Want to see this home? Call or text George at 713.918.9951 for a private showing. Coverage: most home sales in Salado 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