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Mustang Ridge

Learn about the people, housing, costs and businesses in Mustang Ridge, Texas

Median Home$359,860
Median Rent$1,115/month
Population863
Leading IndustriesArts, Food & Hospitality · Professional Services · Healthcare8% arts, food & hospitality
Home Value Growth-2.7% over 2 years
Young Adults42% of residentstop 2% nationally
Homeowners88% of occupied units
NotableHighly Educated30% bachelor's · 13% graduate · top 9% nationally
Mustang Ridge
TX

Frequently Asked Questions

What are today's mortgage rates in Mustang Ridge?

As of today, the 30-year fixed mortgage rate for Mustang Ridge is approximately 6.870% (6.905% 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 Mustang Ridge?

The median home value in Mustang Ridge is $360k. The median monthly rent is $1,115. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mustang Ridge?

Home values in Mustang Ridge have decreased 2.7% over the past two years. Buyers may find more negotiating room in this market. 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 Mustang Ridge?

Based on a typical all-in ownership cost of $1,053/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mustang Ridge is $72k/year.

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What industries drive the economy in Mustang Ridge?

The largest employment sectors in Mustang Ridge are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.