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Olmito and Olmito

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

Median Home$114,400
Median Rent$626/month
Population310
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare4% education
Home Value Growth⬆⬆+13.7% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners79% of occupied units
NotableHighly Educated39% bachelor's · 18% graduate · top 1% nationally
NotableAffordable Market$114k median home · lower cost than 87% of the country
Olmito and Olmito
TX

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Frequently Asked Questions

What are today's mortgage rates in Olmito and Olmito?

As of today, the 30-year fixed mortgage rate for Olmito and Olmito is approximately 6.814% (6.847% 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 Olmito and Olmito?

The median home value in Olmito and Olmito is $114k. The median monthly rent is $626. Annual property taxes average $849. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Olmito and Olmito?

Home values in Olmito and Olmito have increased 13.7% 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 Olmito and Olmito?

Based on a typical all-in ownership cost of $444/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $19k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Olmito and Olmito is $48k/year.

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What industries drive the economy in Olmito and Olmito?

The largest employment sectors in Olmito and Olmito are public administration (28%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.