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Nocona

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

Median Home$132,422
Median Rent$788/month
Population3,204
Leading IndustriesManufacturing · Public Administration · Arts, Food & Hospitality7% manufacturing
Home Value Growth⬆⬆⬆+28.5% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners75% of occupied units
NotableAffordable Market$132k median home · lower cost than 80% of the country
Nocona
TX

Frequently Asked Questions

What are today's mortgage rates in Nocona?

As of today, the 30-year fixed mortgage rate for Nocona is approximately 6.979% (7.018% 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 Nocona?

The median home value in Nocona is $132k. The median monthly rent is $788. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nocona?

Home values in Nocona have increased 28.5% 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 Nocona?

Based on a typical all-in ownership cost of $688/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 Nocona is $44k/year.

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What industries drive the economy in Nocona?

The largest employment sectors in Nocona are public administration (30%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.