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Gun Barrel

Learn about the people, housing, costs and businesses in Gun Barrel, Texas

Median Home$244,022
Median Rent$908/month
Population6,412
Leading IndustriesInformation & Media · Finance & Insurance · Wholesale Trade13% information & media
Home Value Growth⬆⬆⬆+46.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners82% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAmenity Score71/100 · highly walkable area
Gun Barrel City
TX

Frequently Asked Questions

What are today's mortgage rates in Gun Barrel?

As of today, the 30-year fixed mortgage rate for Gun Barrel is approximately 6.983% (7.022% 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 Gun Barrel?

The median home value in Gun Barrel is $244k. The median monthly rent is $908. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gun Barrel?

Home values in Gun Barrel have increased 46.9% 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 Gun Barrel?

Based on a typical all-in ownership cost of $1,120/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gun Barrel is $66k/year.

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What industries drive the economy in Gun Barrel?

The largest employment sectors in Gun Barrel are public administration (19%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.