Llano County Entry-Level Homes: Affordability Check

What does it take to buy an entry-level home in Llano County today? With the median closing price at $542,500 across 22 closed sales in October, and mortgage rates at 7.11%, affordability requires careful calculation of monthly payments against income. ALEX Intelligence applied a standard affordability model using the current median price, a loan amount of $434,000, and the prevailing 30-year fixed rate to estimate buyer costs. For a home priced at $542,500, the principal and interest payment alone is approximately $2,920 per month. This figure represents the baseline cost of financing before taxes, insurance, or maintenance. The data shows that while prices have risen 7.4% compared to October last year, the number of closed sales remains steady at 22. The median price per square foot has also increased by 12.5% year-over-year to $267.12. However, the market has cooled slightly on the listing side, with homes selling for 4.5% less of their original list price compared to the prior month. Buyers should note that 90.9% of these sales closed below the original list price, indicating significant negotiation room. With 10.7 months of inventory currently available, buyers have more leverage than in a seller's market. The median living area for these entry-level transactions is 2,098 square feet, slightly smaller than the prior month but larger than last year's average. While buydowns can reduce initial payments—such as a 3-2-1 buydown costing roughly $20,016 to lower rates in the first three years—the base cost of entry remains high relative to historical norms. This analysis is an ALEX Intelligence estimate based on current market data and is not an appraisal. 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