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Sweetwater

Learn about the people, housing, costs and businesses in Sweetwater, Florida

Median Home$278,341
Median Rent$1,792/month
Population20,033
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade12% finance & insurance
Home Value Growth⬆⬆⬆+36.9% over 2 years
Young Adults27% of residentsnear the national average
Renters56% of occupied units
NotableAmenity Score93/100 · highly walkable area
NotableTransit81/100 · excellent transit access
Sweetwater
FL

Frequently Asked Questions

What are today's mortgage rates in Sweetwater?

As of today, the 30-year fixed mortgage rate for Sweetwater is approximately 6.889% (6.925% 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 Sweetwater?

The median home value in Sweetwater is $278k. The median monthly rent is $1,792. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sweetwater?

Home values in Sweetwater have increased 36.9% 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 Sweetwater?

Based on a typical all-in ownership cost of $1,583/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sweetwater is $56k/year.

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What industries drive the economy in Sweetwater?

The largest employment sectors in Sweetwater are public administration (18%) and information and media (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.