How your housing costs change when you relocate. Based on 2026 data with 10% down, 6.5% rate, 30-year fixed.
Your housing costs will increase by approximately $400 per month ($4,800/year) when you move from Illinois to Texas.
If you sell your median-priced Illinois home ($270K) and buy in Texas ($310K):
Your Illinois equity covers the 20% down payment on a median Texas home with $19K left over. That surplus can cover closing costs, moving expenses, or go into savings.
Over 10 years, this move costs you approximately $48K in housing costs alone.
Housing costs more in Texas. The median home is 13% higher than in Illinois — a $40K jump. You may need to adjust your expectations on square footage or location, or come with a larger down payment to keep your monthly costs manageable.
Insurance will cost you more in Texas — $3,800/year compared to $1,900/year in Illinois. That's an extra $1,900 annually ($158/month). High premiums are driven by severe weather risk in the region.
When you buy in Texas, expect about $5K in closing costs (1.7% of purchase price). Texas has no transfer tax, which helps keep your upfront costs lower. Budget for this amount on top of your down payment.
Texas's TDHCA My First Texas Home offers Up to 5% DPA grant. If you haven't owned a home in three years (or are buying in Texas for the first time), you may qualify. Check eligibility requirements and income limits on Texas's housing finance agency website.