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Cranfills Gap

Learn about the people, housing, costs and businesses in Cranfills Gap, Texas

Median Home$246,000
Median Rent$640/month
Population284
Leading IndustriesManufacturing · Wholesale Trade · Agriculture & Mining4% manufacturing
Home Value Growth-3.2% over 2 years
Retirees28% of residentswell above average
Homeowners84% of occupied units
NotableTransit81/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Cranfills Gap
TX

Frequently Asked Questions

What are today's mortgage rates in Cranfills Gap?

As of today, the 30-year fixed mortgage rate for Cranfills Gap is approximately 6.946% (6.984% 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 Cranfills Gap?

The median home value in Cranfills Gap is $246k. The median monthly rent is $640. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cranfills Gap?

Home values in Cranfills Gap have decreased 3.2% over the past two years. Buyers may find more negotiating room in this market. 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 Cranfills Gap?

Based on a typical all-in ownership cost of $933/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 Cranfills Gap is $88k/year.

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What industries drive the economy in Cranfills Gap?

The largest employment sectors in Cranfills Gap are public administration (27%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.