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Tolar Independent

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

Median Home$241,579
Median Rent$1,228/month
Population3,296
Leading IndustriesEducation · Transportation · Retail4% education
Home Value Growth+6.9% over 2 years
Young Adults23% of residents
Homeowners77% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
Tolar 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 Tolar Independent?

As of today, the 30-year fixed mortgage rate for Tolar Independent 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 Tolar Independent?

The median home value in Tolar Independent is $242k. The median monthly rent is $1,228. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tolar Independent?

Home values in Tolar Independent have increased 6.9% 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 Tolar Independent?

Based on a typical all-in ownership cost of $1,149/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tolar Independent is $78k/year.

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What industries drive the economy in Tolar Independent?

The largest employment sectors in Tolar Independent are public administration (20%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.