Santa Rita Ranch Entry-Level Homes: Affordability Check

What does an entry-level home cost in Santa Rita Ranch when mortgage rates sit at 7.18%? The median sale price for homes sold in October was $552,982 across 34 closed sales. This figure represents the bottom quartile of prices for the community during this period. ALEX Intelligence applied an affordability model to these 34 transactions using a loan amount of $442,386 and a 30-year fixed rate of 7.18%. The resulting principal and interest payment is approximately $2,997 per month. This calculation assumes the median home price of $552,982 and does not include taxes or insurance. Compared to the prior month, the median entry-level price dropped 1.3% while the number of sales fell slightly by 2.9%. The median living area for these homes was 2,696 square feet, down 7.5% from September. Despite the rate environment, 82.4% of these entry-level transactions closed below their original list price. The data shows a distinct shift in buyer behavior where price negotiations are active even at the lower end of the market. With 34 sales recorded this month, the sample size supports a reliable view of current affordability conditions for first-time or budget-conscious buyers in Santa Rita Ranch. 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