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Fabens

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

Median Home$94,139
Median Rent$657/month
Population4,807
Leading IndustriesTransportation · Wholesale Trade · Manufacturing4% transportation
Home Value Growth⬆⬆+17.2% over 2 years
Retirees21% of residentsnear the national average
Homeowners78% of occupied units
NotableAffordable Market$94k median home · lower cost than 94% of the country
Fabens
TX

Frequently Asked Questions

What are today's mortgage rates in Fabens?

As of today, the 30-year fixed mortgage rate for Fabens is approximately 7.200% (7.248% 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 Fabens?

The median home value in Fabens is $94k. The median monthly rent is $657. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fabens?

Home values in Fabens have increased 17.2% 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 Fabens?

Based on a typical all-in ownership cost of $578/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fabens is $43k/year.

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What industries drive the economy in Fabens?

The largest employment sectors in Fabens are public administration (23%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.