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Rancho Banquete

Learn about the people, housing, costs and businesses in Rancho Banquete, Texas

Median Home$311,600
Median Rent$948/month
Population450
Leading IndustriesManufacturing · Information & Media · Finance & Insurance7% manufacturing
Home Value Growth⬆⬆⬆+23.5% over 2 years
Family-Friendly34% of residentstop 1% nationally
Homeowners86% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Rancho Banquete
TX

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Frequently Asked Questions

What are today's mortgage rates in Rancho Banquete?

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

The median home value in Rancho Banquete is $312k. The median monthly rent is $948. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rancho Banquete?

Home values in Rancho Banquete have increased 23.5% 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 Rancho Banquete?

Based on a typical all-in ownership cost of $930/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rancho Banquete is $92k/year.

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What industries drive the economy in Rancho Banquete?

The largest employment sectors in Rancho Banquete are public administration (24%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.