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South La Paloma

Learn about the people, housing, costs and businesses in South La Paloma, Texas

Median Home$171,800
Median Rent$975/month
Population385
Leading IndustriesManufacturing · Education · Agriculture & Mining9% manufacturing
Home Value Growth-1.4% over 2 years
Young Adults28% of residentsnear the national average
Homeowners88% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
South La Paloma
TX

Explore South La Paloma

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

Frequently Asked Questions

What are today's mortgage rates in South La Paloma?

As of today, the 30-year fixed mortgage rate for South La Paloma 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.

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What is the median home price in South La Paloma?

The median home value in South La Paloma is $172k. The median monthly rent is $975. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South La Paloma?

Home values in South La Paloma have decreased 1.4% over the past two years. Buyers may find more negotiating room in this market. 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 South La Paloma?

Based on a typical all-in ownership cost of $905/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South La Paloma is $70k/year.

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What industries drive the economy in South La Paloma?

The largest employment sectors in South La Paloma are public administration (29%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.