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La Paloma

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

Median Home$91,173
Median Rent$426/month
Population3,305
Leading IndustriesWholesale Trade · Public Administration · Manufacturing12% wholesale trade
Home Value Growth⬆⬆⬆+28.8% over 2 years
Family-Friendly28% of residentswell above average
Homeowners88% of occupied units
NotableAffordable Market$91k median home · lower cost than 94% of the country
La Paloma
TX

Frequently Asked Questions

What are today's mortgage rates in La Paloma?

As of today, the 30-year fixed mortgage rate for La Paloma is approximately 6.994% (7.034% 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?

The median home value in La Paloma is $91k. The median monthly rent is $426. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in La Paloma?

Home values in La Paloma have increased 28.8% 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?

Based on a typical all-in ownership cost of $590/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in La Paloma is $38k/year.

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What industries drive the economy in La Paloma?

The largest employment sectors in La Paloma are public administration (29%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.