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New Boston

Learn about the people, housing, costs and businesses in New Boston, Texas

Median Home$124,721
Median Rent$620/month
Population4,474
Leading IndustriesEducation · Public Administration5% education
Home Value Growth+3.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners72% of occupied units
NotableAffordable Market$125k median home · lower cost than 82% of the country
New Boston
TX

Frequently Asked Questions

What are today's mortgage rates in New Boston?

As of today, the 30-year fixed mortgage rate for New Boston is approximately 6.956% (6.997% 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 New Boston?

The median home value in New Boston is $125k. The median monthly rent is $620. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Boston?

Home values in New Boston have increased 3.7% 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 New Boston?

Based on a typical all-in ownership cost of $665/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Boston is $60k/year.

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What industries drive the economy in New Boston?

The largest employment sectors in New Boston are public administration (26%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.