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Homestead Meadows South

Learn about the people, housing, costs and businesses in Homestead Meadows South, Texas

Median Home$163,384
Median Rent$858/month
Population6,672
Leading IndustriesWholesale Trade · Manufacturing · Finance & Insurance16% wholesale trade
Home Value Growth⬆⬆+11.0% over 2 years
Family-Friendly35% of residentstop 1% nationally
Homeowners74% of occupied units
Homestead Meadows South
TX

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Homestead Meadows South?

As of today, the 30-year fixed mortgage rate for Homestead Meadows South is approximately 7.115% (7.161% 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 Homestead Meadows South?

The median home value in Homestead Meadows South is $163k. The median monthly rent is $858. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Homestead Meadows South?

Home values in Homestead Meadows South have increased 11.0% 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 Homestead Meadows South?

Based on a typical all-in ownership cost of $679/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Homestead Meadows South is $49k/year.

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What industries drive the economy in Homestead Meadows South?

The largest employment sectors in Homestead Meadows South are public administration (23%) and wholesale trade (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.