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Petty

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

Median Home$193,400
Median Rent$620/month
Population145
Leading IndustriesProfessional Services · Construction · Agriculture & Mining4% professional services
Home Value Growth⬆⬆+14.5% over 2 years
Young Adults27% of residentsnear the national average
Homeowners89% of occupied units
NotableHigh Incomes$90k/year · top 24% nationally
Petty
TX

Frequently Asked Questions

What are today's mortgage rates in Petty?

As of today, the 30-year fixed mortgage rate for Petty is approximately 6.946% (6.984% 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 Petty?

The median home value in Petty is $193k. The median monthly rent is $620. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Petty?

Home values in Petty have increased 14.5% 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 Petty?

Based on a typical all-in ownership cost of $768/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Petty is $90k/year.

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What industries drive the economy in Petty?

The largest employment sectors in Petty are public administration (25%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.