Mortgage Rates and Buying Power in 6 Creeks

What does a 7.24% mortgage rate mean for buyers in 6 Creeks today? With the median home price at $490,476 across 81 closed sales in the rolling six months ending September 30, 2026, monthly payments are significantly higher than they were a year ago when rates were lower. ALEX Intelligence calculated buying power scenarios based on current market data. For a median-priced home with a 20% down payment, the principal and interest payment at 7.24% is $2,674 per month. A 3-2-1 buydown can temporarily reduce this rate to 4.24% in the first year, saving buyers $746 monthly, though it costs $18,204 upfront. Alternatively, a 2-1 buydown offers a lower cost of $9,252 but provides less initial relief. The market has adjusted to these rates. Median days on market dropped 25.7% compared to the prior six-month period, falling to 104 days, while the median close-to-original list ratio improved by 5.2%. Despite the higher cost of borrowing, homes are selling at a slightly better rate relative to their original list price than they did previously. Buyers should weigh the upfront cost of a buydown against long-term savings. The data shows that while prices have softened compared to last year, the impact of interest rates remains the primary driver of monthly affordability in this market. 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