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Patton

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

Median Home$245,904
Median Rent$1,342/month
Population1,934
Leading IndustriesTransportation · Wholesale Trade · Manufacturing6% transportation
Home Value Growth⬆⬆+20.5% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners91% of occupied units
NotableHigh Incomes$95k/year · top 20% nationally
Patton Village
TX

Frequently Asked Questions

What are today's mortgage rates in Patton?

As of today, the 30-year fixed mortgage rate for Patton is approximately 6.963% (7.002% 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 Patton?

The median home value in Patton is $246k. The median monthly rent is $1,342. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Patton?

Home values in Patton have increased 20.5% 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 Patton?

Based on a typical all-in ownership cost of $1,421/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Patton is $95k/year.

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What industries drive the economy in Patton?

The largest employment sectors in Patton are public administration (22%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.