Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Northlake

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

Median Home$599,695
Median Rent$1,752/month
Population6,154
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality3% professional services
Home Value Growth⬆⬆+12.9% over 2 years
Family-Friendly31% of residentstop 3% nationally
Homeowners85% of occupied units
NotableHighly Educated38% bachelor's · 20% graduate · top 2% nationally
NotableHigh Incomes$160k/year · top 3% nationally
Northlake
TX

Frequently Asked Questions

What are today's mortgage rates in Northlake?

As of today, the 30-year fixed mortgage rate for Northlake is approximately 6.831% (6.865% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Northlake
What is the median home price in Northlake?

The median home value in Northlake is $600k. The median monthly rent is $1,752. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Northlake?

Home values in Northlake have increased 12.9% 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 Northlake?

Based on a typical all-in ownership cost of $2,707/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $116k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Northlake is $160k/year.

Calculate your buying power
What industries drive the economy in Northlake?

The largest employment sectors in Northlake are public administration (20%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.