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Rowena

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

Median Home$159,300
Median Rent$767/month
Population284
Leading IndustriesConstruction · Agriculture & Mining · Information & Media12% construction
Home Value Growth⬆⬆+19.1% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners78% of occupied units
NotableTransit80/100 · excellent transit access
NotableAffordable Market$159k median home · lower cost than 70% of the country
Rowena
TX

Frequently Asked Questions

What are today's mortgage rates in Rowena?

As of today, the 30-year fixed mortgage rate for Rowena is approximately 6.940% (6.978% 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 Rowena?

The median home value in Rowena is $159k. The median monthly rent is $767. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rowena?

Home values in Rowena have increased 19.1% 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 Rowena?

Based on a typical all-in ownership cost of $704/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rowena is $70k/year.

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What industries drive the economy in Rowena?

The largest employment sectors in Rowena are public administration (26%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.