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Groesbeck

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

Median Home$178,300
Median Rent$857/month
Population3,755
Leading IndustriesManufacturing · Wholesale Trade · Agriculture & Mining4% manufacturing
Home Value Growth+5.8% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners72% of occupied units
NotableTransit81/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Groesbeck
TX

Frequently Asked Questions

What are today's mortgage rates in Groesbeck?

As of today, the 30-year fixed mortgage rate for Groesbeck is approximately 6.974% (7.016% 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 Groesbeck?

The median home value in Groesbeck is $178k. The median monthly rent is $857. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Groesbeck?

Home values in Groesbeck have increased 5.8% 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 Groesbeck?

Based on a typical all-in ownership cost of $847/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Groesbeck is $63k/year.

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What industries drive the economy in Groesbeck?

The largest employment sectors in Groesbeck are public administration (25%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.