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Rio Grande

Learn about the people, housing, costs and businesses in Rio Grande, Texas

Median Home$100,199
Median Rent$733/month
Population14,849
Leading IndustriesPublic Administration · Manufacturing · Agriculture & Mining35% public administration
Home Value Growth⬆⬆+13.7% over 2 years
Young Adults35% of residentswell above average
Homeowners72% of occupied units
NotableAffordable Market$100k median home · lower cost than 92% of the country
Rio Grande City
TX

Frequently Asked Questions

What are today's mortgage rates in Rio Grande?

As of today, the 30-year fixed mortgage rate for Rio Grande is approximately 6.966% (7.005% 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 Rio Grande?

The median home value in Rio Grande is $100k. The median monthly rent is $733. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rio Grande?

Home values in Rio Grande have increased 13.7% 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 Rio Grande?

Based on a typical all-in ownership cost of $596/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 Rio Grande is $39k/year.

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What industries drive the economy in Rio Grande?

The largest employment sectors in Rio Grande are public administration (35%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.