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Progreso Lakes

Learn about the people, housing, costs and businesses in Progreso Lakes, Texas

Median Home$203,130
Median Rent$954/month
Population236
Leading IndustriesPublic Administration · Education · Transportation49% public administration
Home Value Growth⬆⬆+16.2% over 2 years
Family-Friendly28% of residentswell above average
Homeowners70% of occupied units
Progreso Lakes
TX

Frequently Asked Questions

What are today's mortgage rates in Progreso Lakes?

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

The median home value in Progreso Lakes is $203k. The median monthly rent is $954. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Progreso Lakes?

Home values in Progreso Lakes have increased 16.2% 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 Progreso Lakes?

Based on a typical all-in ownership cost of $973/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Progreso Lakes is $52k/year.

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What industries drive the economy in Progreso Lakes?

The largest employment sectors in Progreso Lakes are public administration (49%) and wholesale trade (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.