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Lorenzo

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

Median Home$109,600
Median Rent$676/month
Population962
Leading IndustriesConstruction · Agriculture & Mining14% construction
Young Adults32% of residentsabove average nationally
Homeowners77% of occupied units
NotableAffordable Market$110k median home · lower cost than 89% of the country
Lorenzo
TX

Frequently Asked Questions

What are today's mortgage rates in Lorenzo?

As of today, the 30-year fixed mortgage rate for Lorenzo is approximately 7.076% (7.121% 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 Lorenzo?

The median home value in Lorenzo is $110k. The median monthly rent is $676. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $732/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lorenzo is $50k/year.

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What industries drive the economy in Lorenzo?

The largest employment sectors in Lorenzo are public administration (20%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.