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Lockney Independent

Learn about the people, housing, costs and businesses in Lockney Independent, Texas

Median Home$86,021
Median Rent$709/month
Population1,968
Leading IndustriesTransportation · Agriculture & Mining · Construction5% transportation
Retirees24% of residentsabove average nationally
Homeowners80% of occupied units
NotableAffordable Market$86k median home · lower cost than 99% of the country
NotableVeteran Community8% of residents · top 27% nationally
Lockney Independent
TX

Explore Lockney Independent

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lockney Independent?

As of today, the 30-year fixed mortgage rate for Lockney Independent is approximately 7.341% (7.392% 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 Lockney Independent?

The median home value in Lockney Independent is $86k. The median monthly rent is $709. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Lockney Independent?

Based on a typical all-in ownership cost of $602/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lockney Independent is $61k/year.

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What industries drive the economy in Lockney Independent?

The largest employment sectors in Lockney Independent are public administration (28%) and agriculture and mining (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.