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Monahans

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

Median Home$120,461
Median Rent$1,091/month
Population7,282
Leading IndustriesManufacturing · Information & Media · Finance & Insurance11% manufacturing
Home Value Growth+9.9% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners75% of occupied units
Monahans
TX

Frequently Asked Questions

What are today's mortgage rates in Monahans?

As of today, the 30-year fixed mortgage rate for Monahans is approximately 7.038% (7.079% 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 Monahans?

The median home value in Monahans is $120k. The median monthly rent is $1,091. Annual property taxes average $861. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Monahans?

Home values in Monahans have increased 9.9% over the past two years. This represents moderate growth. 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 Monahans?

Based on a typical all-in ownership cost of $766/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Monahans is $71k/year.

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What industries drive the economy in Monahans?

The largest employment sectors in Monahans are public administration (19%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.