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Lockney

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

Median Home$86,000
Median Rent$709/month
Population1,532
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation14% arts, food & hospitality
Retirees24% of residentsslightly above average
Homeowners80% of occupied units
NotableHighly Educated37% bachelor's · 17% graduate · top 2% nationally
NotableAffordable Market$86k median home · lower cost than 96% of the country
Lockney
TX

Frequently Asked Questions

What are today's mortgage rates in Lockney?

As of today, the 30-year fixed mortgage rate for Lockney is approximately 6.860% (6.895% 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?

The median home value in Lockney 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?

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 is $62k/year.

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What industries drive the economy in Lockney?

The largest employment sectors in Lockney are public administration (23%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.