Plum Creek Entry-Level Homes: Affordability Check

What does it cost to buy an entry-level home in Plum Creek today? The median price for the bottom quartile of sales is $312,500 across 110 closed sales in the rolling six months ending September 30, 2026. With current mortgage rates at 7.24% according to Freddie Mac, affordability requires careful calculation of monthly payments. ALEX Intelligence applied a standard scenario model using a loan amount of $250,000 and a 30-year fixed loan to estimate buying power. For a median entry-level price of $312,500, the principal and interest payment at the current rate is $1,704 per month. This figure represents the baseline cost before taxes or insurance. Buyers can reduce this monthly burden through buydowns. A 3-2-1 buydown costs a median of $11,604 (3.71% of the price) and lowers the first-year rate to 4.24%, saving $476 monthly. A 2-1 buydown costs $5,892 (1.89% of the price), reducing the first-year rate to 5.24% with a $325 monthly saving. These incentives are critical for managing cash flow in a higher-rate environment. The market shows a median close-to-original list ratio of 0.947, meaning homes sell for about 94.7% of the asking price. This is an improvement over the prior period's 0.927 ratio, suggesting slightly more negotiating room or better pricing strategies by sellers compared to six months ago. The median living area for these entry-level transactions is 1,879 square feet. While prices have risen 2.5% compared to the prior six-month window, they remain 0.8% lower than the same period last year. This data reflects the current state of affordability for first-time buyers in this specific community. 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