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Peaster Independent

Learn about the people, housing, costs and businesses in Peaster Independent, Texas

Median Home$394,452
Median Rent$1,287/month
Population6,357
Leading IndustriesInformation & Media · Finance & Insurance · Wholesale Trade9% information & media
Home Value Growth⬆⬆+14.3% over 2 years
Young Adults28% of residentsnear the national average
Homeowners84% of occupied units
NotableVeteran Community13% of residents · top 2% nationally
NotableHigh Incomes$97k/year · top 17% nationally
Peaster Independent
TX

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

Frequently Asked Questions

What are today's mortgage rates in Peaster Independent?

As of today, the 30-year fixed mortgage rate for Peaster Independent is approximately 6.858% (6.893% 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 Peaster Independent?

The median home value in Peaster Independent is $394k. The median monthly rent is $1,287. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Peaster Independent?

Home values in Peaster Independent have increased 14.3% 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 Peaster Independent?

Based on a typical all-in ownership cost of $1,331/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Peaster Independent is $97k/year.

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What industries drive the economy in Peaster Independent?

The largest employment sectors in Peaster Independent are public administration (17%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.