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Mabank

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

Median Home$237,410
Median Rent$978/month
Population4,365
Leading IndustriesFinance & Insurance · Information & Media · Education10% finance & insurance
Home Value Growth⬆⬆+16.1% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners70% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableTransit80/100 · excellent transit access
Mabank
TX

Frequently Asked Questions

What are today's mortgage rates in Mabank?

As of today, the 30-year fixed mortgage rate for Mabank is approximately 6.970% (7.009% 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 Mabank?

The median home value in Mabank is $237k. The median monthly rent is $978. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mabank?

Home values in Mabank have increased 16.1% 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 Mabank?

Based on a typical all-in ownership cost of $994/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mabank is $65k/year.

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What industries drive the economy in Mabank?

The largest employment sectors in Mabank are public administration (25%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.