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Nesbitt

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

Median Home$118,500
Median Rent$1,082/month
Population259
Leading IndustriesHealthcare · Arts, Food & Hospitality · Public Administration17% healthcare
Home Value Growth⬆⬆+11.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners87% of occupied units
Nesbitt
TX

Frequently Asked Questions

What are today's mortgage rates in Nesbitt?

As of today, the 30-year fixed mortgage rate for Nesbitt is approximately 6.948% (6.986% 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 Nesbitt?

The median home value in Nesbitt is $119k. The median monthly rent is $1,082. Annual property taxes average $615. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nesbitt?

Home values in Nesbitt have increased 11.7% 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 Nesbitt?

Based on a typical all-in ownership cost of $693/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nesbitt is $68k/year.

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What industries drive the economy in Nesbitt?

The largest employment sectors in Nesbitt are public administration (27%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.