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Slaton Independent

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

Median Home$137,810
Median Rent$952/month
Population7,142
Leading IndustriesTransportation · Healthcare · Professional Services4% transportation
Home Value Growth⬆⬆+13.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners80% of occupied units
Slaton 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 Slaton Independent?

As of today, the 30-year fixed mortgage rate for Slaton Independent 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 Independent?

The median home value in Slaton Independent is $138k. The median monthly rent is $952. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Slaton Independent?

Home values in Slaton Independent have increased 13.3% 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 Independent?

Based on a typical all-in ownership cost of $858/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Slaton Independent is $61k/year.

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What industries drive the economy in Slaton Independent?

The largest employment sectors in Slaton Independent are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.