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Ben Wheeler

Learn about the people, housing, costs and businesses in Ben Wheeler, Texas

Median Home$244,840
Median Rent$1,153/month
Population513
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining17% wholesale trade
Home Value Growth⬆⬆+15.1% over 2 years
Retirees26% of residentsabove average nationally
Homeowners85% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Ben Wheeler
TX

Frequently Asked Questions

What are today's mortgage rates in Ben Wheeler?

As of today, the 30-year fixed mortgage rate for Ben Wheeler is approximately 6.930% (6.967% 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 Ben Wheeler?

The median home value in Ben Wheeler is $245k. The median monthly rent is $1,153. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ben Wheeler?

Home values in Ben Wheeler have increased 15.1% 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 Ben Wheeler?

Based on a typical all-in ownership cost of $853/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ben Wheeler is $63k/year.

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What industries drive the economy in Ben Wheeler?

The largest employment sectors in Ben Wheeler are wholesale trade (17%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.