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Friona

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

Median Home$156,100
Median Rent$1,038/month
Population4,374
Leading IndustriesConstruction · Finance & Insurance · Information & Media9% construction
Home Value Growth⬆⬆+11.2% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners79% of occupied units
Friona
TX

Frequently Asked Questions

What are today's mortgage rates in Friona?

As of today, the 30-year fixed mortgage rate for Friona is approximately 6.975% (7.017% 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 Friona?

The median home value in Friona is $156k. The median monthly rent is $1,038. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Friona?

Home values in Friona have increased 11.2% 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 Friona?

Based on a typical all-in ownership cost of $867/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Friona is $72k/year.

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What industries drive the economy in Friona?

The largest employment sectors in Friona are public administration (20%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.