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Follett

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

Median Home$109,900
Median Rent$677/month
Population363
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing19% information & media
Family-Friendly30% of residentstop 4% nationally
Homeowners87% of occupied units
NotableAffordable Market$110k median home · lower cost than 88% of the country
NotableTransit79/100 · excellent transit access
Follett
TX

Frequently Asked Questions

What are today's mortgage rates in Follett?

As of today, the 30-year fixed mortgage rate for Follett is approximately 7.625% (7.712% 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 Follett?

The median home value in Follett is $110k. The median monthly rent is $677. 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 Follett?

Based on a typical all-in ownership cost of $689/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Follett is $81k/year.

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What industries drive the economy in Follett?

The largest employment sectors in Follett are public administration (28%) and agriculture and mining (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.