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Las Palmas

Learn about the people, housing, costs and businesses in Las Palmas, Texas

Median Home$89,700
Median Rent$303/month
Population55
Leading IndustriesPublic Administration · Manufacturing · Agriculture & Mining41% public administration
Family-Friendly34% of residentstop 1% nationally
Homeowners65% of occupied units
NotableAffordable Market$90k median home · lower cost than 95% of the country
Las Palmas
TX

Frequently Asked Questions

What are today's mortgage rates in Las Palmas?

As of today, the 30-year fixed mortgage rate for Las Palmas is approximately 6.946% (6.984% 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 Las Palmas?

The median home value in Las Palmas is $90k. The median monthly rent is $303. Annual property taxes average $747. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $455/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Las Palmas is $33k/year.

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What industries drive the economy in Las Palmas?

The largest employment sectors in Las Palmas are public administration (41%) and agriculture and mining (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.