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Paloma Creek South

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

Median Home$398,951
Median Rent$2,634/month
Population10,090
Leading IndustriesTransportation · Finance & Insurance · Information & Media5% transportation
Home Value Growth+4.1% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners67% of occupied units
NotableHigh Incomes$130k/year · top 7% nationally
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
Paloma Creek South
TX

Explore Paloma Creek South

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Paloma Creek South?

As of today, the 30-year fixed mortgage rate for Paloma Creek South is approximately 6.890% (6.926% 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 South?

The median home value in Paloma Creek South is $399k. The median monthly rent is $2,634. 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 South?

Home values in Paloma Creek South have increased 4.1% over the past two years. This represents moderate growth. 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 South?

Based on a typical all-in ownership cost of $2,512/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $108k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Paloma Creek South is $130k/year.

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What industries drive the economy in Paloma Creek South?

The largest employment sectors in Paloma Creek South are public administration (20%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.