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Banquete

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

Median Home$178,908
Median Rent$912/month
Population593
Leading IndustriesPublic Administration · Construction · Agriculture & Mining34% public administration
Home Value Growth+9.1% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners84% of occupied units
Banquete
TX

Frequently Asked Questions

What are today's mortgage rates in Banquete?

As of today, the 30-year fixed mortgage rate for Banquete 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 Banquete?

The median home value in Banquete is $179k. The median monthly rent is $912. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Banquete?

Home values in Banquete have increased 9.1% over the past two years. This represents moderate growth. 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 Banquete?

Based on a typical all-in ownership cost of $664/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Banquete is $68k/year.

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What industries drive the economy in Banquete?

The largest employment sectors in Banquete are public administration (34%) and agriculture and mining (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.