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Skidmore

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

Median Rent$1,070/month
Population840
Leading IndustriesTransportation · Finance & Insurance · Manufacturing8% transportation
Home Value Growth+9.1% over 2 years
Young Adults29% of residentsslightly above average
Homeowners76% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Skidmore
TX

Frequently Asked Questions

What are today's mortgage rates in Skidmore?

As of today, the 30-year fixed mortgage rate for Skidmore is approximately 6.997% (7.040% 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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Are home values rising in Skidmore?

Home values in Skidmore have increased 9.1% over the past two years. This represents moderate growth. 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 Skidmore?

Based on a typical all-in ownership cost of $639/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 Skidmore is $44k/year.

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What industries drive the economy in Skidmore?

The largest employment sectors in Skidmore are public administration (29%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.