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Allison

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

Median Home$153,800
Median Rent$983/month
Population129
Leading IndustriesAgriculture & Mining · Manufacturing · Construction28% agriculture & mining
Family-Friendly27% of residentsabove average nationally
Homeowners76% of occupied units
Allison
TX

Frequently Asked Questions

What are today's mortgage rates in Allison?

As of today, the 30-year fixed mortgage rate for Allison is approximately 6.946% (6.984% 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 Allison?

The median home value in Allison is $154k. The median monthly rent is $983. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $713/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Allison is $70k/year.

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What industries drive the economy in Allison?

The largest employment sectors in Allison are agriculture and mining (28%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.