Emory Crossing Entry-Level Homes: Affordability Check

What does it cost to buy an entry-level home in Emory Crossing today? The median price for the bottom quartile of sales is $347,048 across 32 closed sales in the rolling six months ending Oct 31, 2026. This figure represents the most affordable tier available in the community during this period. ALEX Intelligence applied an affordability index to these figures using current market rates. With a median sale price of $347,048 and a 30-year fixed mortgage rate of 7.18% (Freddie Mac Primary Mortgage Market Survey, week of Nov 5, 2026), the monthly principal and interest payment for a buyer putting 20% down is approximately $1,881. This calculation excludes taxes and insurance but establishes the baseline cost of ownership for entry-level buyers in this phase. The data shows that homes in this price tier are averaging 58 days on market, which is 27.5% faster than the prior six-month period. While 71.9% of these sales closed below the original list price, the median close-to-original list ratio improved to 0.977 compared to 0.949 previously. This suggests that while buyers still negotiate, the gap between asking and selling prices is narrowing for entry-level properties in Emory Crossing. For those considering a buydown, a 3-2-1 buydown on this median price would cost $12,852 upfront, reducing the initial monthly payment to $1,354 in the first year. A 2-1 buydown would cost $6,528, lowering the first-year payment to $1,521. These tools can temporarily improve cash flow for buyers entering the market at current rate levels. 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