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Taft Southwest

Learn about the people, housing, costs and businesses in Taft Southwest, Texas

Median Home$116,000
Median Rent$1,220/month
Population1,426
Leading IndustriesManufacturing · Information & Media · Wholesale Trade2% manufacturing
Home Value Growth+10.2% over 2 years
Family-Friendly35% of residentstop 1% nationally
Homeowners69% of occupied units
Taft Southwest
TX

Frequently Asked Questions

What are today's mortgage rates in Taft Southwest?

As of today, the 30-year fixed mortgage rate for Taft Southwest 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 Taft Southwest?

The median home value in Taft Southwest is $116k. The median monthly rent is $1,220. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Taft Southwest?

Home values in Taft Southwest have increased 10.2% 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 Taft Southwest?

Based on a typical all-in ownership cost of $890/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Taft Southwest is $71k/year.

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What industries drive the economy in Taft Southwest?

The largest employment sectors in Taft Southwest are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.