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Aledo

Learn about the people, housing, costs and businesses in Aledo, Texas

Median Home$557,709
Median Rent$2,196/month
Population5,284
Leading IndustriesManufacturing · Retail · Arts, Food & Hospitality3% manufacturing
Home Value Growth⬆⬆+14.8% over 2 years
Family-Friendly31% of residentstop 3% nationally
Homeowners93% of occupied units
NotableHigh Incomes$171k/year · top 2% nationally
NotableHighly Educated32% bachelor's · 17% graduate · top 6% nationally
Aledo
TX

Frequently Asked Questions

What are today's mortgage rates in Aledo?

As of today, the 30-year fixed mortgage rate for Aledo is approximately 6.826% (6.860% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Aledo?

The median home value in Aledo is $558k. The median monthly rent is $2,196. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Aledo?

Home values in Aledo have increased 14.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Aledo?

Based on a typical all-in ownership cost of $2,851/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $122k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Aledo is $171k/year.

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What industries drive the economy in Aledo?

The largest employment sectors in Aledo are public administration (23%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.