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Slaton

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

Median Home$91,802
Median Rent$943/month
Population5,798
Leading IndustriesTransportation · Public Administration · Finance & Insurance5% transportation
Home Value Growth⬆⬆+12.8% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners79% of occupied units
Slaton
TX

Frequently Asked Questions

What are today's mortgage rates in Slaton?

As of today, the 30-year fixed mortgage rate for Slaton is approximately 7.318% (7.369% 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 Slaton?

The median home value in Slaton is $92k. The median monthly rent is $943. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Slaton?

Home values in Slaton have increased 12.8% 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 Slaton?

Based on a typical all-in ownership cost of $797/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Slaton is $58k/year.

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What industries drive the economy in Slaton?

The largest employment sectors in Slaton are public administration (31%) and information and media (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.