Fayette County Entry-Level Homes: Affordability Check

What does it take to buy an entry-level home in Fayette County today? With the median closing price at $299,000 across 34 closed sales in the rolling six-month window, buyers face a distinct affordability landscape shaped by current mortgage rates and local inventory. ALEX Intelligence analyzed the bottom quartile of sales to determine entry-level thresholds for this market. The median home size is 1,739 square feet, with a price per square foot of $175. At a 7.32% interest rate from the week of October 22, 2026, a buyer facing a loan amount of $239,200 faces a principal and interest payment of $1,643 monthly. The data shows that homes are selling for 89.6% of their original list price on average, with 91.2% of sales closing below the initial asking price. This indicates that while prices remain accessible compared to regional averages, negotiation power is a key factor for buyers in this tier. The median days on market has increased to 72 days, suggesting a slower pace for entry-level transactions compared to the prior period. For those considering financing, buydowns can alter the payment profile significantly. A standard 3-2-1 buydown would cost approximately $11,124 to reduce the rate to 4.32% in the first year, while a 2-1 buydown costs about $5,652. These tools help bridge the gap between current rates and historical lows for entry-level buyers. The market remains active with 58 active listings today, providing options for those ready to move at these price points. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a 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