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El Rancho Vela

Learn about the people, housing, costs and businesses in El Rancho Vela, Texas

Median Home$124,600
Median Rent$718/month
Population297
Leading IndustriesPublic Administration · Information & Media · Manufacturing34% public administration
Home Value Growth⬆⬆+13.7% over 2 years
Family-Friendly36% of residentstop 1% nationally
Homeowners76% of occupied units
NotableTransit84/100 · excellent transit access
NotableAffordable Market$125k median home · lower cost than 82% of the country
El Rancho Vela
TX

Frequently Asked Questions

What are today's mortgage rates in El Rancho Vela?

As of today, the 30-year fixed mortgage rate for El Rancho Vela 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.

View current rates for El Rancho Vela
What is the median home price in El Rancho Vela?

The median home value in El Rancho Vela is $125k. The median monthly rent is $718. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in El Rancho Vela?

Home values in El Rancho Vela have increased 13.7% 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 El Rancho Vela?

Based on a typical all-in ownership cost of $558/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in El Rancho Vela is $48k/year.

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What industries drive the economy in El Rancho Vela?

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