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The Homesteads

Learn about the people, housing, costs and businesses in The Homesteads, Texas

Median Home$145,800
Median Rent$1,220/month
Population3,158
Leading IndustriesRetail · Healthcare · Transportation24% retail
Home Value Growth+4.5% over 2 years
Young Adults35% of residentswell above average
Homeowners79% of occupied units
The Homesteads
TX

Frequently Asked Questions

What are today's mortgage rates in The Homesteads?

As of today, the 30-year fixed mortgage rate for The Homesteads is approximately 7.023% (7.064% 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 The Homesteads?

The median home value in The Homesteads is $146k. The median monthly rent is $1,220. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in The Homesteads?

Home values in The Homesteads have increased 4.5% 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 The Homesteads?

Based on a typical all-in ownership cost of $913/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 The Homesteads is $77k/year.

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What industries drive the economy in The Homesteads?

The largest employment sectors in The Homesteads are retail (24%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.