In Canyon, a typical home is worth $240,300 and typical rent is $984 a month. Compared with all of Randall County, typical household income is 17% lower, typical rent is 16% lower, and the share of households that own their home is 14 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $245,941 to $299,520.
Typical rent
$1,232a month
▲ 6.8% more than 12 months ago
Typical rent from Zillow, December 2022 to September 2026: from $1,033 to $1,232.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Canyon is in Randall County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Randall County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Borger, the typical home value is $103,400: 57% less than in Canyon ($240,300).
2
According to Zillow, in the 12 months to September 2026 the typical home value in Canyon rose 3.3%; in Texas, it fell 1.4%.
3
54% of households in Canyon own their home, against 68% in Randall County.
4
The typical household income in Canyon is $69,772,17% less than in Randall County as a whole ($83,864).
5
The typical rent in Canyon is $984 a month, 16% less than in Randall County as a whole ($1,170).
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Canyon
What homes there are in Canyon, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Canyon
Randall County
Texas
United States
Kind of home: Canyon and its comparisons
Measure
Canyon
Randall County
Texas
United States
Detached house
64%
70%
64%
61%
Attached house
Unreliable estimate
4%
3%
6%
Building of 2 to 4
8%
3%
5%
8%
Apartments (5 or more)
20%
16%
21%
19%
Mobile home
Unreliable estimate
7%
6%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Canyon, but it weighs less than in Randall County: 64% against 70%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Canyon
Randall County
Texas
United States
Year built: Canyon and its comparisons
Measure
Canyon
Randall County
Texas
United States
Before 1960
17%
13%
12%
26%
1960–1979
29%
29%
21%
24%
1980–1999
23%
22%
28%
25%
2000–2009
10%
15%
18%
14%
2010 or later
22%
21%
21%
11%
By age, homes in Canyon look like those in Randall County: the typical year built is 1983.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K9%
$100K–$200K27%
$200K–$300K32%
$300K–$500K25%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Canyon and its comparisons
Measure
Canyon
Under $100K
9%
$100K–$200K
27%
$200K–$300K
32%
$300K–$500K
25%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA limit for Randall County is high ($541,287): at least 92% of owner-occupied homes in Canyon are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99952%
$1,000–$1,49930%
$1,500–$1,99914%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Canyon and its comparisons
Measure
Canyon
Under $500
Unreliable
$500–$999
52%
$1,000–$1,499
30%
$1,500–$1,999
14%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,815 a month
Randall County: $1,803 a month
Without a mortgage
$743 a month
Randall County: $717 a month
Owners with a mortgage
55%
Randall County: 60%
Owning costs about the same in Canyon as in Randall County: with a mortgage, $1,815 a month; without one, $743.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Canyon+48%
Randall County+42%
Texas+65%
United States+53%
Typical rent
Canyon+17%
Randall County+28%
Texas+34%
United States+33%
Typical household income
CanyonNo clear change
Randall County+23%
Texas+27%
United States+29%
Change since 2015–2019: Canyon and its comparisons
Measure
Canyon
Randall County
Texas
United States
Typical home value
+48%
+42%
+65%
+53%
Typical rent
+17%
+28%
+34%
+33%
Typical household income
No clear change
+23%
+27%
+29%
The typical home value in Canyon rose 48% since 2015–2019, more than in Randall County (42%).
The typical rent in Canyon rose 17% over the same time; in Randall County, it rose 28%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Canyon and its comparisons
Measure
Canyon
Randall County
Texas
United States
Rental vacancy
Unreliable estimate
8.6%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
2.7%
4.8%
3.4%
People per household
2.50
2.52
2.69
2.53
Drive alone
78%
79%
71%
69%
Carpool
10%
11%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
4%
1%
2%
3%
Work from home
6%
8%
14%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
Unreliable estimate
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Canyon look like those in Randall County: 2.50 people on average.
More people walk or bike to work in Canyon: 4%, against 1% in Randall County.
Do the math
What would you pay each month for a home in Canyon?
A typical home is tight for the typical income
We start with a typical home in Canyon, worth $240,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Canyon, which is $69,772 a year. For that payment to be 28% of income, a household would need to earn about $89,364 a year.
The calculator's FHA and conventional loan limits are those of all of Randall County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Canyon. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $8,411 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,085
at 7.18% · 30 years
Loan amount
$235,947
Total interest
$339,472
Paid off in
November 2056
Includes $4,058 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,628 a month
Tight
$1,628 to $2,093 a month
Your payment · 36%
Hard
more than $2,093 a month
Compared with the typical household income in Canyon ($69,772 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,598
Property tax
$280
Home insurance
$100
FHA mortgage insurance (MIP)
$106
You need at least $8,411 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,085; principal and interest $1,598.
The city and its county
Canyon and Randall County
Canyon is in Randall County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Canyon
Map of Randall County, Texas, with Canyon marked. Around it, the neighboring counties.
Canyon
Randall County
Other cities with a page
Canyon's own numbers
Typical home value
$240,300
Typical monthly rent
$984
Typical yearly household income
$69,772
Households that own their home
54%
Effective property tax rate
1.4%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Randall County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,107
Price change over 5 years (FHFA)
+40%
Homes in a high flood-risk zone
1.4%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Randall County.
A typical home in Canyon is worth $240,300: about the same as the county and 15% below Texas. With the typical household income in Canyon ($69,772 a year), a typical home costs 3.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Canyon3.4 years
Randall2.8 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Randall County
According to FHFA’s house price index, home prices in Randall County rose 60% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Randall County.
Yearly change in FHFA’s price index in Randall County, 2016 to 2025
2016: +3.5% +3.5% 2016
2017: +3.0% +3.0% 2017
2018: +2.1% +2.1% 2018
2019: +2.6% +2.6% 2019
2020: +2.7% +2.7% 2020
2021: +10.8% +10.8% 2021
2022: +14.4% +14.4% 2022
2023: +5.8% +5.8% 2023
2024: +2.2% +2.2% 2024
2025: +1.8% +1.8% 2025
Change in FHFA’s price index in Randall County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+1.8%
+0.8%
+2.9%
5 years (2020–2025)
+40%
+44%
+47%
10 years (2015–2025)
+60%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Canyon next to Randall County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Canyon$240,300
Randall$238,800
Texas$283,800
United States$332,700
Typical monthly rent
Canyon$984
Randall$1,170
Texas$1,403
United States$1,413
Typical yearly household income
Canyon$69,772
Randall$83,864
Texas$78,476
United States$80,734
See the full table
Canyon next to Randall County and Texas
Measure
Canyon
Randall County
Texas
U.S.
Typical home value
$240,300
$238,800
$283,800
$332,700
Typical monthly rent
$984 ▼16% below the county
$1,170
$1,403
$1,413
Typical yearly household income
$69,772 ▼17% below the county
$83,864
$78,476
$80,734
Households that own their home
54% ▼14 points below the county
68%
63%
65%
Typical yearly property tax
$3,374 ▼7% below the county
$3,610
$4,232
$3,119
Effective property tax rate
1.4% ▼0.11 points below the county
1.51%
1.49%
0.94%
Renters with high rent for their income
51% ▲7 points above the county
44%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Randall County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Canyon
For a typical $240,300 home in Canyon, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Canyon's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,085a month
Least cash to close
Down payment
$8,411
Cash to close
$15,620
Rate
7.18%
Mortgage insurance
FHA MIP · $106
Conventional, 5% down$2,041a month
Down payment
$12,015
Cash to close
$19,224
Rate
7.18%
Mortgage insurance
PMI · $114
Conventional, 20% down, no PMI$1,683a month
Down payment
$48,060
Cash to close
$55,269
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,905a month
Down payment
$36,045
Cash to close
$43,254
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Canyon
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,085
$8,411
$235,948
7.18%
FHA MIP · $106
$15,620
580
Conventional, 5% down
$2,041
$12,015
$228,285
7.18%
PMI · $114
$19,224
620*
Conventional, 20% down, no PMI
$1,683
$48,060
$192,240
7.18%
None
$55,269
620*
ITIN, 15% down (example)
$1,905
$36,045
$204,255
8.18%
None
$43,254
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Canyon is $984 a month: 16% below the county. In Canyon, 51% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Randall County, by unit size. To pay the 2-bedroom one ($1,107 a month) without spending more than 30% of your income, you would need to earn $21.29 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Randall County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$797
$15.33
$31,880
1 bedroom
$904
$17.38
$36,160
2 bedrooms
$1,107
$21.29
$44,280
3 bedrooms
$1,512
$29.08
$60,480
4 bedrooms
$1,678
$32.27
$67,120
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Canyon
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Canyon has 2 ZIP codes with their own.
For 2 bedrooms it is $1,030 in all of them.
None is above the fair market rent for Randall County ($1,107).
Fair market rent by ZIP code and size in Canyon, fiscal year 2027.
79015
$740
$840
$1,030
$1,410
$1,570
79016
$740
$840
$1,030
$1,410
$1,570
ZIP code2 bd3 bd
79015 $1,030$1,410
79016 $1,030$1,410
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Canyon when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 2 buildings with rents for lower incomes in Canyon. These are the largest.
Creek Crossing Senior Village24 Creekside Ln, Canyon 7901576 homes, 73 low-income · 1 bd: 44 · 2 bd: 32 · In service since 2007 · For older adults
Unnamed703A 27th St, Canyon 7901544 low-income homes · Run by Housing Authority of Canyon · Average payment: $414 a month · Average wait: 4 months(806) 655-0673
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Randall County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Canyon or Randall County. The ones below are statewide in Texas: they work in Canyon the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for Canyon or Randall County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Canyon and all of Randall County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Canyon?
The typical home value in Canyon is $240,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Randall County it is $238,800.
How much does it cost to rent in Canyon?
Typical rent in Canyon is $984 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Randall County is $1,107.
What is the FHA loan limit in Canyon?
Canyon uses the FHA limit for all of Randall County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Canyon?
The typical homeowner in Canyon pays $3,374 a year, according to the U.S. Census Bureau. That is 1.4% of the home’s value; in Randall County, the rate is 1.51%.
Where can I find free help to buy or rent in Canyon?
We found no HUD-approved counseling agencies with an office in Randall County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
