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Salado Independent

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

Median Home$452,942
Median Rent$1,230/month
Population9,410
Leading IndustriesWholesale Trade · Public Administration · Education14% wholesale trade
Home Value Growth+2.4% over 2 years
Retirees24% of residentsabove average nationally
Homeowners88% of occupied units
NotableVeteran Community14% of residents · top 1% nationally
NotableHigh Incomes$112k/year · top 8% nationally
Salado Independent
TX

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

Frequently Asked Questions

What are today's mortgage rates in Salado Independent?

As of today, the 30-year fixed mortgage rate for Salado Independent is approximately 6.846% (6.880% 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 Salado Independent?

The median home value in Salado Independent is $453k. The median monthly rent is $1,230. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salado Independent?

Home values in Salado Independent have increased 2.4% over the past two years. The market has been relatively stable. 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 Salado Independent?

Based on a typical all-in ownership cost of $1,510/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salado Independent is $112k/year.

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What industries drive the economy in Salado Independent?

The largest employment sectors in Salado Independent are public administration (28%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.