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La Paloma Addition

Learn about the people, housing, costs and businesses in La Paloma Addition, Texas

Median Home$151,200
Median Rent$933/month
Population323
Leading IndustryRetail18% of local workforce
Home Value Growth⬆⬆⬆+24.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners54% of occupied units
La Paloma Addition
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 La Paloma Addition?

As of today, the 30-year fixed mortgage rate for La Paloma Addition is approximately 6.990% (7.032% 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 La Paloma Addition?

The median home value in La Paloma Addition is $151k. The median monthly rent is $933. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in La Paloma Addition?

Home values in La Paloma Addition have increased 24.7% 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 La Paloma Addition?

Based on a typical all-in ownership cost of $689/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in La Paloma Addition is $52k/year.

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What industries drive the economy in La Paloma Addition?

The largest employment sectors in La Paloma Addition are public administration (24%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.