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Nome

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

Median Home$200,902
Median Rent$1,775/month
Population479
Leading IndustriesManufacturing · Transportation2% manufacturing
Home Value Growth⬆⬆+16.3% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners92% of occupied units
NotableHigh Incomes$99k/year · top 18% nationally
Nome
TX

Frequently Asked Questions

What are today's mortgage rates in Nome?

As of today, the 30-year fixed mortgage rate for Nome is approximately 7.007% (7.047% 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 Nome?

The median home value in Nome is $201k. The median monthly rent is $1,775. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nome?

Home values in Nome have increased 16.3% 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 Nome?

Based on a typical all-in ownership cost of $1,300/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nome is $99k/year.

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What industries drive the economy in Nome?

The largest employment sectors in Nome are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.