Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Kermit

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

Median Home$149,350
Median Rent$1,005/month
Population5,737
Leading IndustriesManufacturing · Information & Media · Finance & Insurance21% manufacturing
Family-Friendly29% of residentswell above average
Homeowners85% of occupied units
NotableHigh Incomes$85k/year · top 30% nationally
Kermit
TX

Frequently Asked Questions

What are today's mortgage rates in Kermit?

As of today, the 30-year fixed mortgage rate for Kermit is approximately 7.313% (7.363% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Kermit
What is the median home price in Kermit?

The median home value in Kermit is $149k. The median monthly rent is $1,005. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Kermit?

Based on a typical all-in ownership cost of $616/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kermit is $85k/year.

Calculate your buying power
What industries drive the economy in Kermit?

The largest employment sectors in Kermit are agriculture and mining (22%) and manufacturing (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.