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Big Spring

Learn about the people, housing, costs and businesses in Big Spring, Texas

Median Home$118,960
Median Rent$1,115/month
Population23,493
Leading IndustriesManufacturing · Agriculture & Mining · Information & Media7% manufacturing
Home Value Growth+4.4% over 2 years
Young Adults34% of residentswell above average
Homeowners64% of occupied units
Big Spring
TX

Frequently Asked Questions

What are today's mortgage rates in Big Spring?

As of today, the 30-year fixed mortgage rate for Big Spring is approximately 6.935% (6.973% 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 Big Spring?

The median home value in Big Spring is $119k. The median monthly rent is $1,115. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Big Spring?

Home values in Big Spring have increased 4.4% 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 Big Spring?

Based on a typical all-in ownership cost of $927/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Big Spring is $67k/year.

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What industries drive the economy in Big Spring?

The largest employment sectors in Big Spring are public administration (26%) and agriculture and mining (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.