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Lake Worth

Learn about the people, housing, costs and businesses in Lake Worth, Texas

Median Home$236,700
Median Rent$1,508/month
Population4,829
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing10% finance & insurance
Home Value Growth+8.3% over 2 years
Young Adults34% of residentswell above average
Homeowners66% of occupied units
NotableAmenity Score84/100 · highly walkable area
Lake Worth
TX

Frequently Asked Questions

What are today's mortgage rates in Lake Worth?

As of today, the 30-year fixed mortgage rate for Lake Worth is approximately 6.960% (7.001% 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 Lake Worth?

The median home value in Lake Worth is $237k. The median monthly rent is $1,508. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Worth?

Home values in Lake Worth have increased 8.3% over the past two years. This represents moderate growth. 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 Lake Worth?

Based on a typical all-in ownership cost of $1,229/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Worth is $82k/year.

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What industries drive the economy in Lake Worth?

The largest employment sectors in Lake Worth are public administration (16%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.