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Redwater Independent

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

Median Home$221,416
Median Rent$1,005/month
Population4,530
Leading IndustriesFinance & Insurance · Information & Media · Education12% finance & insurance
Home Value Growth+10.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners82% of occupied units
Redwater Independent
TX

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Redwater Independent?

As of today, the 30-year fixed mortgage rate for Redwater Independent is approximately 6.930% (6.967% 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 Independent?

The median home value in Redwater Independent is $221k. The median monthly rent is $1,005. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redwater Independent?

Home values in Redwater Independent have increased 10.0% 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 Redwater Independent?

Based on a typical all-in ownership cost of $1,001/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redwater Independent is $77k/year.

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What industries drive the economy in Redwater Independent?

The largest employment sectors in Redwater Independent are public administration (25%) and information and media (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.