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Colmesneil Independent

Learn about the people, housing, costs and businesses in Colmesneil Independent, Texas

Median Home$114,070
Median Rent$831/month
Population2,527
Leading IndustriesFinance & Insurance · Information & Media · Agriculture & Mining8% finance & insurance
Home Value Growth⬆⬆⬆+21.2% over 2 years
Retirees24% of residentsabove average nationally
Homeowners85% of occupied units
NotableVeteran Community14% of residents · top 1% nationally
NotableAffordable Market$114k median home · lower cost than 94% of the country
Colmesneil Independent
TX

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Colmesneil Independent?

As of today, the 30-year fixed mortgage rate for Colmesneil Independent is approximately 6.974% (7.013% 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 Colmesneil Independent?

The median home value in Colmesneil Independent is $114k. The median monthly rent is $831. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Colmesneil Independent?

Home values in Colmesneil Independent have increased 21.2% 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 Colmesneil Independent?

Based on a typical all-in ownership cost of $639/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colmesneil Independent is $55k/year.

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What industries drive the economy in Colmesneil Independent?

The largest employment sectors in Colmesneil Independent are public administration (21%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.