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New Deal

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

Median Home$118,634
Median Rent$828/month
Population704
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality5% professional services
Home Value Growth+8.5% over 2 years
Young Adults34% of residentswell above average
Homeowners74% of occupied units
NotableHighly Educated24% bachelor's · 18% graduate · top 21% nationally
NotableAffordable Market$119k median home · lower cost than 85% of the country
New Deal
TX

Frequently Asked Questions

What are today's mortgage rates in New Deal?

As of today, the 30-year fixed mortgage rate for New Deal is approximately 6.777% (6.809% 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 Deal?

The median home value in New Deal is $119k. The median monthly rent is $828. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Deal?

Home values in New Deal have increased 8.5% 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 Deal?

Based on a typical all-in ownership cost of $769/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 New Deal is $71k/year.

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What industries drive the economy in New Deal?

The largest employment sectors in New Deal are public administration (21%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.