Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Riesel Independent

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

Median Home$170,450
Median Rent$1,078/month
Population2,470
Leading IndustriesProfessional Services · Wholesale Trade · Education3% professional services
Home Value Growth⬆⬆+15.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners85% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 20% nationally
Riesel Independent
TX

Explore Riesel Independent

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

Frequently Asked Questions

What are today's mortgage rates in Riesel Independent?

As of today, the 30-year fixed mortgage rate for Riesel Independent 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.

View current rates for Riesel Independent
What is the median home price in Riesel Independent?

The median home value in Riesel Independent is $170k. The median monthly rent is $1,078. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Riesel Independent?

Home values in Riesel Independent have increased 15.8% 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 Riesel Independent?

Based on a typical all-in ownership cost of $988/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Riesel Independent is $76k/year.

Calculate your buying power
What industries drive the economy in Riesel Independent?

The largest employment sectors in Riesel Independent are public administration (17%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.