Teravista Entry-Level Homes: Affordability Check

What does it take to buy an entry-level home in Teravista today? The median price for the bottom quartile of sales reached $444,000 across 57 closed sales in the rolling six months ending October 31, 2026. This figure represents the most affordable tier available in this Georgetown subdivision. ALEX Intelligence applied an affordability index to these figures using current market rates. With a median price of $444,000 and a prevailing 30-year fixed rate of 7.18% (sourced from Freddie Mac for the week of November 5, 2026), buyers face specific payment realities. A standard 20% down payment on this median entry-level price results in a principal and interest payment of $2,406 per month. The data shows that homes in this tier are selling at a median of $186.64 per square foot across 57 transactions. While the median days on market has increased slightly to 32 days compared to the prior period, the share of homes closing below original list price rose to 84.2%. This indicates that entry-level buyers often have room to negotiate, though they must account for higher borrowing costs than in previous years. For those considering financing incentives, a 3-2-1 buydown on this median price would cost approximately $16,416, reducing the initial monthly payment by up to $673 in the first year. Conversely, a 2-1 buydown would cost about $8,340. These tools can temporarily lower payments but do not change the underlying purchase price or long-term interest rate. The median living area for these entry-level homes is 2,386 square feet, which is smaller than the prior period's 2,532 square feet, suggesting a shift toward more compact floor plans in this price bracket. 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