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Redwater

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

Median Home$142,160
Median Rent$896/month
Population813
Leading IndustriesPublic Administration · Education · Manufacturing30% public administration
Home Value Growth⬆⬆+11.6% over 2 years
Young Adults28% of residentsnear the national average
Homeowners74% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Redwater
TX

Frequently Asked Questions

What are today's mortgage rates in Redwater?

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

The median home value in Redwater is $142k. The median monthly rent is $896. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redwater?

Home values in Redwater have increased 11.6% 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 Redwater?

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 Redwater is $67k/year.

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What industries drive the economy in Redwater?

The largest employment sectors in Redwater are public administration (30%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.