<prompt> Human: I have read that 5 years is the minimum amount of time before selling a house, but Im worried that my mortgage will continue to rise and I dont want to wait until its too late. I bought the house 3 years ago at 160k and I still owe about 150k on it. My neighbor recently sold his almost identical house for 215k. Our town is in one of those situations where its near a large metroplex and all of a sudden housing development is happening everywhere over the last year and is going from being just a small town to getting absorbed as a desirable suburb for the metroplex. Housing prices have been skyrocketing, houses are coming off the market in just a few days, and I dont see it slowing down anytime soon.I do not have enough money saved for a down payment on a new house. I worked in town when we bought the house, but my wife and I both currently commute to another town in a different county and has much cheaper housing and lower property tax.We love our house and our town and dont want to move, but Im worried we may be forced out if I dont take some kind of action. If I sold my house could I expect to actually make enough profit for a down payment on a new house after fees and everything? Are there any other options for reducing my mortgage payment? We are on a 30 year FHA fixed loan at 4.25EDIT:Im getting priced out due to increased property taxes and appraisal. Property taxes have gone up a ton because theyre having to build lots of new roads and schools to support all the new residents. My monthly mortgage bill has gone up 18 since I bought the house. I said mortgage payment because the taxes are part of an escrow account on my mortgage and I dont know all the right terms. Please let me know if any other info would be helpful.EDIT:Im at work and having trouble keeping up with responses but Ill get back to everyone as soon as I can. Someone pointed out that maybe my bank under-estimated the escrow payment and I had forgotten that has happened the last two years and has contributed to my monthly mortgage bill increasing. Im trying to find historical tax data now. Yes I bought at the top of my budget but Ive also gotten a significant pay increase at work. Last year I had 3 expensive emergencies in a 3 month period surgery, car repairs, HVAC, and paying those has essentially negated my pay increase for the next 2 years until everything is paid off. Is this information helping with suggestions? Ill keep looking if it is helpful.EDIT:I understand I bought this house without realizing things like miscalculated escrow payments and regular property tax increases. Its my first house and had never heard of rpersonalfinance at the time. My guidance was all from my parents, my realtor, and my loan officer, and I probably didnt get the best advice. Thats why Im here now asking for options. Im trying my best to find the answers to everyones questions. A few people have asked my location and I live in Texas.EDIT:Thanks for the advice everyone. I usually expect like 2 or 3 responses on this sub but got way more than that this time lol. Im was a bit stressed when I made this post and discussing the reality of the situation has been emotionally overwhelming but necessary. Im going to stop checking updates today and think over everything you have all said over the weekend. Thanks again.  <response>: Mmm. Dont understand how you can get priced out of your house. It sounds like you are in a great position if housing prices are rising. Just make sure your mortgage is locked in and sit on it and make some when its time to sell. 