Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Slocum Independent

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

Median Home$227,519
Median Rent$1,334/month
Population2,702
Leading IndustriesHealthcare · Arts, Food & Hospitality · Transportation17% healthcare
Home Value Growth⬆⬆+11.8% over 2 years
Young Adults27% of residentsnear the national average
Homeowners82% of occupied units
NotableHighly Educated35% bachelor's · 17% graduate · top 2% nationally
Slocum Independent
TX

Explore Slocum Independent

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Slocum Independent?

As of today, the 30-year fixed mortgage rate for Slocum Independent is approximately 6.946% (6.984% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Slocum Independent
What is the median home price in Slocum Independent?

The median home value in Slocum Independent is $228k. The median monthly rent is $1,334. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Slocum Independent?

Home values in Slocum Independent have increased 11.8% 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 Slocum Independent?

Based on a typical all-in ownership cost of $822/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Slocum Independent is $66k/year.

Calculate your buying power
What industries drive the economy in Slocum Independent?

The largest employment sectors in Slocum Independent are public administration (22%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.