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Rio Hondo

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

Median Home$161,521
Median Rent$682/month
Population2,064
Leading IndustriesPublic Administration · Wholesale Trade · Professional Services32% public administration
Home Value Growth⬆⬆+17.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners74% of occupied units
NotableAffordable Market$162k median home · lower cost than 69% of the country
Rio Hondo
TX

Frequently Asked Questions

What are today's mortgage rates in Rio Hondo?

As of today, the 30-year fixed mortgage rate for Rio Hondo is approximately 6.893% (6.929% 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 Hondo?

The median home value in Rio Hondo is $162k. The median monthly rent is $682. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rio Hondo?

Home values in Rio Hondo have increased 17.4% 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 Hondo?

Based on a typical all-in ownership cost of $638/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rio Hondo is $57k/year.

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What industries drive the economy in Rio Hondo?

The largest employment sectors in Rio Hondo are public administration (32%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.