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Friendswood

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

Median Home$396,274
Median Rent$1,629/month
Population41,404
Leading IndustriesManufacturing · Education · Arts, Food & Hospitality2% manufacturing
Home Value Growth⬆⬆+18.9% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners76% of occupied units
NotableHighly Educated32% bachelor's · 12% graduate · top 6% nationally
NotableHigh Incomes$123k/year · top 8% nationally
Friendswood
TX

Frequently Asked Questions

What are today's mortgage rates in Friendswood?

As of today, the 30-year fixed mortgage rate for Friendswood is approximately 6.861% (6.896% 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 Friendswood?

The median home value in Friendswood is $396k. The median monthly rent is $1,629. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Friendswood?

Home values in Friendswood have increased 18.9% 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 Friendswood?

Based on a typical all-in ownership cost of $1,818/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Friendswood is $123k/year.

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What industries drive the economy in Friendswood?

The largest employment sectors in Friendswood are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.