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Las Palmas II

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

Median Home$234,400
Median Rent$1,290/month
Population1,032
Leading IndustriesEducation · Public Administration · Wholesale Trade5% education
Home Value Growth⬆⬆+13.2% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners74% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Las Palmas II
TX

Frequently Asked Questions

What are today's mortgage rates in Las Palmas II?

As of today, the 30-year fixed mortgage rate for Las Palmas II is approximately 6.888% (6.924% 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 II?

The median home value in Las Palmas II is $234k. The median monthly rent is $1,290. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Las Palmas II?

Home values in Las Palmas II have increased 13.2% 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 Las Palmas II?

Based on a typical all-in ownership cost of $1,341/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Las Palmas II is $81k/year.

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What industries drive the economy in Las Palmas II?

The largest employment sectors in Las Palmas II are public administration (28%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.