Data as of 2024-01 - U.S. Census ACS 5-year (2023) & public MLS estimates.
Local Housing Market
Hays County (county seat: San Marcos) sits in the Austin commuter ring - buyers here trade a longer drive for measurably lower prices than the urban core and frequently find builder incentives on new construction. The largest population centers are San Marcos, Kyle, Buda. With a median home price near $385K and a median household income near $80K, the affordability ratio here is one of the key reasons buyers shop Hays County.
Notable: San Marcos River • Texas State University
Homebuyer Programs in Hays County
Down Payment Assistance
The two statewide programs - TSAHC (Texas State Affordable Housing Corporation) and TDHCA's My First Texas Home - both serve Hays County and can layer down payment assistance on FHA, VA, USDA, and conventional 97% loans. Some cities in Hays County have run periodic CDBG-funded homebuyer assistance - confirm with your lender at application.
First-Time Homebuyer Resources
Both TSAHC and TDHCA define a 'first-time buyer' as anyone who has not owned a primary residence in the last 3 years. Income and purchase-price limits apply and depend on household size.
VA Homebuyer Information
Hays County sees regular VA-loan activity. Most local lenders are comfortable with VA contracts; on resale homes, expect a VA appraisal (with its property-condition requirements) and budget for the VA funding fee unless you are exempt.
USDA Rural Development
The outer townships of Hays County include USDA Rural Development eligible census tracts even though the county seat does not. Buyers willing to shop on the outskirts can sometimes qualify for a 0% down USDA loan.
FHA Loans
The 2024 FHA single-family loan limit applicable in Hays County is $498,257. FHA loans require 3.5% down at 580+ FICO and pair well with TSAHC/TDHCA down payment assistance.
Savings Strategies
The fastest way to lower your monthly payment in Hays County is to target inventory San Marcos and the immediately surrounding townships, where builder incentives in 2024 have included rate buydowns and full closing-cost credits, and to pull the Mortgage Credit Certificate (MCC) when you close - it returns up to $2,000/year in federal tax credit for the life of the loan.
Stack Eligible Savings Programs
- Pair a TSAHC or TDHCA grant with a Mortgage Credit Certificate to compound an ongoing federal tax credit.
- Combine seller-paid closing costs with a lender credit to free up your DPA for the down payment itself.
- Use builder incentives on new construction to fund a permanent 2/1 rate buydown alongside DPA.
- Run an FHA vs. USDA vs. VA scenario side-by-side - the cheapest monthly often isn't the option with the lowest down payment.