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Placedo

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

Median Home$166,984
Median Rent$642/month
Population694
Leading IndustriesInformation & Media · Retail · Wholesale Trade9% information & media
Home Value Growth⬆⬆+11.3% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners86% of occupied units
NotableHigh Incomes$87k/year · top 28% nationally
NotableAffordable Market$167k median home · lower cost than 66% of the country
Placedo
TX

Frequently Asked Questions

What are today's mortgage rates in Placedo?

As of today, the 30-year fixed mortgage rate for Placedo 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 Placedo?

The median home value in Placedo is $167k. The median monthly rent is $642. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Placedo?

Home values in Placedo have increased 11.3% 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 Placedo?

Based on a typical all-in ownership cost of $846/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Placedo is $87k/year.

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What industries drive the economy in Placedo?

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