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Riesel

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

Median Home$167,700
Median Rent$1,084/month
Population1,177
Leading IndustriesProfessional Services · Wholesale Trade · Education6% professional services
Home Value Growth⬆⬆+17.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners85% of occupied units
Riesel
TX

Frequently Asked Questions

What are today's mortgage rates in Riesel?

As of today, the 30-year fixed mortgage rate for Riesel is approximately 6.961% (6.999% 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 Riesel?

The median home value in Riesel is $168k. The median monthly rent is $1,084. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Riesel?

Home values in Riesel have increased 17.1% 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 Riesel?

Based on a typical all-in ownership cost of $995/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 Riesel is $76k/year.

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What industries drive the economy in Riesel?

The largest employment sectors in Riesel are public administration (19%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.