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Edgewood

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

Median Home$231,800
Median Rent$875/month
Population1,727
Leading IndustriesProfessional Services · Public Administration · Arts, Food & Hospitality5% professional services
Home Value Growth⬆⬆+11.3% over 2 years
Young Adults23% of residents
Homeowners82% of occupied units
NotableHighly Educated28% bachelor's · 17% graduate · top 12% nationally
NotableHigh Incomes$87k/year · top 28% nationally
Edgewood
TX

Frequently Asked Questions

What are today's mortgage rates in Edgewood?

As of today, the 30-year fixed mortgage rate for Edgewood is approximately 6.823% (6.856% 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 Edgewood?

The median home value in Edgewood is $232k. The median monthly rent is $875. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Edgewood?

Home values in Edgewood have increased 11.3% 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 Edgewood?

Based on a typical all-in ownership cost of $1,172/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Edgewood is $87k/year.

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What industries drive the economy in Edgewood?

The largest employment sectors in Edgewood are public administration (34%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.