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Cresson

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

Median Home$344,817
Median Rent$2,269/month
Population1,605
Leading IndustriesManufacturing · Arts, Food & Hospitality · Healthcare4% manufacturing
Home Value Growth+6.8% over 2 years
Family-Friendly28% of residentswell above average
Homeowners85% of occupied units
NotableHigh Incomes$128k/year · top 7% nationally
NotableHighly Educated26% bachelor's · 13% graduate · top 16% nationally
Cresson
TX

Frequently Asked Questions

What are today's mortgage rates in Cresson?

As of today, the 30-year fixed mortgage rate for Cresson 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 Cresson?

The median home value in Cresson is $345k. The median monthly rent is $2,269. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cresson?

Home values in Cresson have increased 6.8% 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 Cresson?

Based on a typical all-in ownership cost of $2,035/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cresson is $128k/year.

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What industries drive the economy in Cresson?

The largest employment sectors in Cresson are public administration (20%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.