Cost of living in Temple, TX — Housing, Rent & Index

The median home value in Temple, TX is $250,559 as of 2026-04. That places Temple below the US average for housing cost, with a cost index of approximately 71 versus a national baseline of 100.

Over the past 12 months, the median home value in Temple has fallen 2.2%, and over the past five years it has averaged +4.4% annual growth. The current price sits -9.8% from its 5-year peak in 2022-08.

Renters pay a median of $1,448 per month in Temple. Rents have changed +0.2% over the last year and averaged +3.3% per year over five years.

Beyond housing, day-to-day costs in Temple are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.