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Salado

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

Median Home$503,389
Median Rent$1,351/month
Population2,262
Leading IndustriesPublic Administration · Wholesale Trade · Professional Services31% public administration
Home Value Growth+1.6% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners92% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableHighly Educated30% bachelor's · 14% graduate · top 9% nationally
Salado
TX

Frequently Asked Questions

What are today's mortgage rates in Salado?

As of today, the 30-year fixed mortgage rate for Salado is approximately 6.857% (6.892% 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?

The median home value in Salado is $503k. The median monthly rent is $1,351. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salado?

Home values in Salado have increased 1.6% 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?

Based on a typical all-in ownership cost of $1,765/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $76k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salado is $118k/year.

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What industries drive the economy in Salado?

The largest employment sectors in Salado are public administration (31%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.