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Panola County Housing Market

Texas · 254 counties · Ranked #1072 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$146,000

vs national$146,000 vs $281,900 national

Median Gross Rent

$810/mo

vs national$810 vs $1,163 national

Effective Tax Rate

0.90%

vs national0.90% vs 1.02% national

Median Household Income

$62,593

vs national$62,593 vs $74,755 national

Affordability Ratio

2.3x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,313

Tax as % of Home Value

0.90%

Monthly Owner Cost

$674

Renter Income

$29,952

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Mortgage

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Panola County?

The median home value in Panola County is $146,000. This is below the national median of $281,900.

How much is rent in Panola County?

The median gross rent in Panola County is $810 per month.

What is the property tax rate in Panola County?

The effective property tax rate in Panola County is 0.90%. The median annual property tax bill is $1,313.

Is Panola County affordable?

With a home-value-to-income ratio of 2.3x, Panola County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.