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Sweetwater Independent

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

Median Home$101,262
Median Rent$799/month
Population12,170
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing11% information & media
Home Value Growth⬆⬆+12.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners65% of occupied units
NotableAffordable Market$101k median home · lower cost than 97% of the country
Sweetwater 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 Sweetwater Independent?

As of today, the 30-year fixed mortgage rate for Sweetwater Independent is approximately 7.069% (7.114% 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 Independent?

The median home value in Sweetwater Independent is $101k. The median monthly rent is $799. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sweetwater Independent?

Home values in Sweetwater Independent have increased 12.3% 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 Sweetwater Independent?

Based on a typical all-in ownership cost of $756/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sweetwater Independent is $61k/year.

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What industries drive the economy in Sweetwater Independent?

The largest employment sectors in Sweetwater Independent are public administration (19%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.