Manor Entry-Level Homes: Can Buyers Afford $325K?

Can buyers afford the median entry-level home in Manor today? The bottom quartile of closed sales in October 2026 shows a median price of $325,000 across 37 transactions. At a 7.18% interest rate for a 30-year fixed loan with 20% down, the principal and interest payment on that median price is $1,761 per month. ALEX Intelligence applied a standard affordability model to these figures to show what financing costs look like at current rates. A buyer purchasing an entry-level home in this price range faces a monthly obligation of $1,761 before taxes or insurance. To put that in perspective, a 3-2-1 buydown would reduce the payment to $1,268 in year one, saving $493 monthly for the first 12 months at a total cost of $12,024. A 2-1 buydown offers a smaller reduction, dropping the payment to $1,424 in year one with a total cost of $6,108. The median entry-level home size in October was 2,099 square feet, up 10.3% from the same month last year. While prices for these homes are down 5.3% compared to October 2025, the higher interest rate environment means monthly payments remain a significant factor for first-time buyers. The data reflects a market where affordability is driven by both price and financing costs rather than just the sticker price alone. 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