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Shepherd Independent

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

Median Home$190,951
Median Rent$940/month
Population9,310
Leading IndustriesInformation & Media · Finance & Insurance · Healthcare12% information & media
Home Value Growth⬆⬆+17.4% over 2 years
Family-Friendly28% of residentstop 4% nationally
Homeowners83% of occupied units
Shepherd 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 Shepherd Independent?

As of today, the 30-year fixed mortgage rate for Shepherd Independent is approximately 6.986% (7.025% 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 Shepherd Independent?

The median home value in Shepherd Independent is $191k. The median monthly rent is $940. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Shepherd Independent?

Home values in Shepherd Independent 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 Shepherd Independent?

Based on a typical all-in ownership cost of $979/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Shepherd Independent is $73k/year.

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What industries drive the economy in Shepherd Independent?

The largest employment sectors in Shepherd Independent are public administration (17%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.