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Rafael Pena

Learn about the people, housing, costs and businesses in Rafael Pena, Texas

Median Home$68,200
Median Rent$797/month
Population18
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare7% education
Home Value Growth+5.1% over 2 years
Retirees50% of residentstop 1% nationally
Homeowners80% of occupied units
NotableHighly Educated35% bachelor's · 17% graduate · top 3% nationally
NotableAffordable Market$68k median home · lower cost than 99% of the country
Rafael Pena
TX

Frequently Asked Questions

What are today's mortgage rates in Rafael Pena?

As of today, the 30-year fixed mortgage rate for Rafael Pena is approximately 6.805% (6.838% 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 Rafael Pena?

The median home value in Rafael Pena is $68k. The median monthly rent is $797. Annual property taxes average $848. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rafael Pena?

Home values in Rafael Pena have increased 5.1% over the past two years. This represents moderate growth. 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 Rafael Pena?

Based on a typical all-in ownership cost of $376/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $16k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rafael Pena is $43k/year.

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What industries drive the economy in Rafael Pena?

The largest employment sectors in Rafael Pena are healthcare (22%) and arts, food, and hospitality (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.