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Bishop Hills

Learn about the people, housing, costs and businesses in Bishop Hills, Texas

Median Home$302,100
Median Rent$1,318/month
Population203
Leading IndustriesProfessional Services · Public Administration · Healthcare4% professional services
Home Value Growth+2.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners97% of occupied units
NotableHigh Incomes$115k/year · top 10% nationally
Bishop Hills
TX

Frequently Asked Questions

What are today's mortgage rates in Bishop Hills?

As of today, the 30-year fixed mortgage rate for Bishop Hills is approximately 7.032% (7.073% 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 Bishop Hills?

The median home value in Bishop Hills is $302k. The median monthly rent is $1,318. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bishop Hills?

Home values in Bishop Hills have increased 2.4% over the past two years. The market has been relatively stable. 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 Bishop Hills?

Based on a typical all-in ownership cost of $1,302/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bishop Hills is $115k/year.

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What industries drive the economy in Bishop Hills?

The largest employment sectors in Bishop Hills are public administration (31%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.