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Honey Grove

Learn about the people, housing, costs and businesses in Honey Grove, Texas

Median Home$249,100
Median Rent$599/month
Population1,967
Leading IndustriesProfessional Services · Wholesale Trade · Construction4% professional services
Home Value Growth⬆⬆+11.0% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners75% of occupied units
Honey Grove
TX

Frequently Asked Questions

What are today's mortgage rates in Honey Grove?

As of today, the 30-year fixed mortgage rate for Honey Grove is approximately 6.933% (6.970% 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 Honey Grove?

The median home value in Honey Grove is $249k. The median monthly rent is $599. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Honey Grove?

Home values in Honey Grove 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 Honey Grove?

Based on a typical all-in ownership cost of $888/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Honey Grove is $55k/year.

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What industries drive the economy in Honey Grove?

The largest employment sectors in Honey Grove are public administration (19%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.