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The city Temple offers a wide variety of homes in a broad range of style, sizes and prices. Temple's north side Historic District offers a glimpse into the past with its stately Victorian showplaces, beautifully restored turn-of-the-century mansions, and charming 1930's and '40's bungalows. Homes that are more contemporary can be found in all areas of the city, including first-time-buyer homes along with more traditional executive homes.
Families appreciate the "kid-friendly" neighborhoods, only minutes away from work, schools, churches and shopping areas. Affordable apartments, town and garden homes as well as quality retirement complexes contribute to the city's comfortable, yet diverse lifestyles. The average price of a 3-bedroom home is well below the national average.
MLS
|
2009-Median
Priced Home
|
Required
Income to Qualify
|
Median
Family Income
|
HAI*
|
HAI-**
1st Time
Home Buyers
|
Temple
|
$125,100.00
|
$25,964.00
|
$54,000.00
|
2.08
|
1.57
|
Texas
|
$150,300.00
|
$31,964.00
|
$57,400.00
|
1.84
|
1.27
|
United States
|
$196,600.00
|
$40,712.00
|
$64,000.00
|
1.57
|
1.04
|
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* The HAI is the ratio of the median family income to the income required to buy the median-priced house using standard mortgage financing at the current interest rate. Standard financing is a fixed-rate, 30-year loan covering 80 percent of the cost of the home. A HAI of 1.00 indicates that the median family income is exactly equal to the required income to qualify
for the standard loan to purchase the median-priced house.
** 1st-Time Home Buyer is assumed to purchase a home equal to the first quartile home price using a 90-percent home loan at an interest rate 0.5 percent greater than the standard current rate.
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Yearly Homes Sales: Temple-Belton; Killeen-Fort Hood MLS
Average Sales Price: Temple-Belton; Killeen-Fort Hood MLS
| Time On Market - Number of Units Sold |
| Days on Market |
Number of Units Sold |
| Less than 1 - 30 |
103 |
| 31-60 |
353 |
| 61-90 |
266 |
| 91-120 |
185 |
| 121 - more |
559 |
| Type of Financing |
Number of Units Sold |
| CONV |
762 |
| FHA |
313 |
| CASH |
215 |
| VA |
144 |
| OTHER |
20 |
| O/FIN |
8 |
| PVT |
3 |
| CFD |
1 |
| ASSUM |
0 |
Financing Resources
Temple has access to the following sources for economic development activity:
- DHUD Community Development Block Grant Program
- Federal Aviation Agency Programs
- Financing Programs administered by Texas Department of Agriculture and other agencies
- Leverage of education and training programs by local and state institutions
- Low-Interest Rehabilitation Loan Program (Downtown Temple Area)
- Municipal General Obligation and Revenue Bond Authority
- Private corporate and philanthropic funds
- SBA Certified Development Corporation Programs
- Tax Abatement Authority under state law
- Temple Reinvestment Zone and Tax Increment Financing Program
Financial Institutions
- American Bank
- Bank of America
- Central National Bank
- Chase Bank
- Compass Bank
- Extraco Bank
- First Convenience Bank
- First State Bank Central Texas
- Guaranty Federal Bank
- Scott & White Employees Credit Union
- Temple Santa Fe Community Credit Union
- Texell Federal Credit Union
- Texas Partners Federal Credit Union
- Wachovia (Wells Fargo)
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