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Paloma Creek

Learn about the people, housing, costs and businesses in Paloma Creek, Texas

Median Home$389,400
Median Rent$2,325/month
Population5,987
Leading IndustriesHealthcare · Arts, Food & Hospitality · Information & Media20% healthcare
Home Value Growth+1.2% over 2 years
Young Adults39% of residentstop 3% nationally
Homeowners86% of occupied units
NotableHighly Educated32% bachelor's · 14% graduate · top 6% nationally
NotableHigh Incomes$106k/year · top 14% nationally
Paloma Creek
TX

Frequently Asked Questions

What are today's mortgage rates in Paloma Creek?

As of today, the 30-year fixed mortgage rate for Paloma Creek is approximately 6.856% (6.891% 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 Paloma Creek?

The median home value in Paloma Creek is $389k. The median monthly rent is $2,325. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Paloma Creek?

Home values in Paloma Creek have increased 1.2% over the past two years. The market has been relatively stable. 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 Paloma Creek?

Based on a typical all-in ownership cost of $2,273/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $97k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Paloma Creek is $106k/year.

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What industries drive the economy in Paloma Creek?

The largest employment sectors in Paloma Creek are healthcare (20%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.