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Mi Ranchito Estate

Learn about the people, housing, costs and businesses in Mi Ranchito Estate, Texas

Median Home$123,700
Median Rent$717/month
Population423
Leading IndustriesEducation · Wholesale Trade · Manufacturing3% education
Home Value Growth⬆⬆+13.7% over 2 years
Young Adults28% of residentsnear the national average
Homeowners75% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableAffordable Market$124k median home · lower cost than 83% of the country
Mi Ranchito Estate
TX

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

Frequently Asked Questions

What are today's mortgage rates in Mi Ranchito Estate?

As of today, the 30-year fixed mortgage rate for Mi Ranchito Estate is approximately 6.898% (6.934% 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 Mi Ranchito Estate?

The median home value in Mi Ranchito Estate is $124k. The median monthly rent is $717. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mi Ranchito Estate?

Home values in Mi Ranchito Estate have increased 13.7% 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 Mi Ranchito Estate?

Based on a typical all-in ownership cost of $790/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mi Ranchito Estate is $39k/year.

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What industries drive the economy in Mi Ranchito Estate?

The largest employment sectors in Mi Ranchito Estate are public administration (22%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.