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Palmhurst

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

Median Home$255,706
Median Rent$1,077/month
Population2,765
Leading IndustriesEducation · Professional Services · Healthcare4% education
Home Value Growth⬆⬆+11.2% over 2 years
Family-Friendly28% of residentswell above average
Homeowners66% of occupied units
NotableHighly Educated37% bachelor's · 15% graduate · top 2% nationally
NotableHigh Incomes$91k/year · top 24% nationally
Palmhurst
TX

Frequently Asked Questions

What are today's mortgage rates in Palmhurst?

As of today, the 30-year fixed mortgage rate for Palmhurst is approximately 6.829% (6.863% 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 Palmhurst?

The median home value in Palmhurst is $256k. The median monthly rent is $1,077. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palmhurst?

Home values in Palmhurst have increased 11.2% 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 Palmhurst?

Based on a typical all-in ownership cost of $1,143/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palmhurst is $91k/year.

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What industries drive the economy in Palmhurst?

The largest employment sectors in Palmhurst are public administration (29%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.