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Rice Tracts

Learn about the people, housing, costs and businesses in Rice Tracts, Texas

Median Home$84,155
Median Rent$656/month
Population800
Leading IndustriesWholesale Trade · Manufacturing · Public Administration13% wholesale trade
Home Value Growth⬆⬆⬆+28.8% over 2 years
Family-Friendly39% of residentstop 1% nationally
Homeowners85% of occupied units
NotableAffordable Market$84k median home · lower cost than 96% of the country
Rice Tracts
TX

Frequently Asked Questions

What are today's mortgage rates in Rice Tracts?

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

The median home value in Rice Tracts is $84k. The median monthly rent is $656. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rice Tracts?

Home values in Rice Tracts have increased 28.8% 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 Rice Tracts?

Based on a typical all-in ownership cost of $618/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rice Tracts is $37k/year.

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What industries drive the economy in Rice Tracts?

The largest employment sectors in Rice Tracts are public administration (28%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.