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Elbert

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

Median Home$89,500
Median Rent$878/month
Population33
Leading IndustriesManufacturing · Agriculture & Mining · Public Administration12% manufacturing
Retirees26% of residentsabove average nationally
Homeowners67% of occupied units
Elbert
TX

Frequently Asked Questions

What are today's mortgage rates in Elbert?

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

The median home value in Elbert is $90k. The median monthly rent is $878. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Elbert?

Based on a typical all-in ownership cost of $665/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elbert is $59k/year.

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What industries drive the economy in Elbert?

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