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Terrell

Learn about the people, housing, costs and businesses in Terrell, Texas

Median Home$214,474
Median Rent$1,328/month
Population19,789
Leading IndustriesEducation · Finance & Insurance · Information & Media3% education
Home Value Growth+7.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners58% of occupied units
Terrell
TX

Frequently Asked Questions

What are today's mortgage rates in Terrell?

As of today, the 30-year fixed mortgage rate for Terrell is approximately 6.950% (6.991% 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 Terrell?

The median home value in Terrell is $214k. The median monthly rent is $1,328. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Terrell?

Home values in Terrell have increased 7.9% over the past two years. This represents moderate growth. 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 Terrell?

Based on a typical all-in ownership cost of $1,272/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Terrell is $61k/year.

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What industries drive the economy in Terrell?

The largest employment sectors in Terrell are public administration (23%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.