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Fannett

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

Median Home$274,159
Median Rent$1,221/month
Population2,128
Leading IndustriesWholesale Trade · Manufacturing14% wholesale trade
Home Value Growth+6.3% over 2 years
Young Adults24% of residents
Homeowners79% of occupied units
NotableHigh Incomes$89k/year · top 26% nationally
Fannett
TX

Frequently Asked Questions

What are today's mortgage rates in Fannett?

As of today, the 30-year fixed mortgage rate for Fannett is approximately 6.980% (7.019% 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 Fannett?

The median home value in Fannett is $274k. The median monthly rent is $1,221. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fannett?

Home values in Fannett have increased 6.3% 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 Fannett?

Based on a typical all-in ownership cost of $1,141/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fannett is $89k/year.

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What industries drive the economy in Fannett?

The largest employment sectors in Fannett are public administration (22%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.