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Bovina

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

Median Home$139,000
Median Rent$1,104/month
Population1,569
Leading IndustriesConstruction · Agriculture & Mining · Retail22% construction
Home Value Growth⬆⬆+11.2% over 2 years
Family-Friendly32% of residentstop 2% nationally
Homeowners63% of occupied units
Bovina
TX

Frequently Asked Questions

What are today's mortgage rates in Bovina?

As of today, the 30-year fixed mortgage rate for Bovina is approximately 6.972% (7.014% 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 Bovina?

The median home value in Bovina is $139k. The median monthly rent is $1,104. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bovina?

Home values in Bovina have increased 11.2% 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 Bovina?

Based on a typical all-in ownership cost of $860/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 Bovina is $68k/year.

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What industries drive the economy in Bovina?

The largest employment sectors in Bovina are retail (23%) and agriculture and mining (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.