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Lamesa

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

Median Home$98,068
Median Rent$994/month
Population8,430
Leading IndustriesManufacturing · Agriculture & Mining · Wholesale Trade14% manufacturing
Home Value Growth⬆⬆+15.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners69% of occupied units
NotableTransit80/100 · excellent transit access
Lamesa
TX

Frequently Asked Questions

What are today's mortgage rates in Lamesa?

As of today, the 30-year fixed mortgage rate for Lamesa is approximately 7.072% (7.117% 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 Lamesa?

The median home value in Lamesa is $98k. The median monthly rent is $994. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lamesa?

Home values in Lamesa have increased 15.4% 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 Lamesa?

Based on a typical all-in ownership cost of $662/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lamesa is $51k/year.

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What industries drive the economy in Lamesa?

The largest employment sectors in Lamesa are public administration (20%) and agriculture and mining (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.