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Wellman-Union Consolidated Independent

Learn about the people, housing, costs and businesses in Wellman-Union Consolidated Independent, Texas

Median Home$159,300
Median Rent$821/month
Population759
Leading IndustriesAgriculture & Mining · Construction · Manufacturing36% agriculture & mining
Home Value Growth⬆⬆⬆+39.8% over 2 years
Family-Friendly44% of residentstop 1% nationally
Homeowners65% of occupied units
NotableAffordable Market$159k median home · lower cost than 80% of the country
Wellman-Union Consolidated Independent
TX

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Frequently Asked Questions

What are today's mortgage rates in Wellman-Union Consolidated Independent?

As of today, the 30-year fixed mortgage rate for Wellman-Union Consolidated 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 Wellman-Union Consolidated Independent?

The median home value in Wellman-Union Consolidated Independent is $159k. The median monthly rent is $821. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wellman-Union Consolidated Independent?

Home values in Wellman-Union Consolidated Independent have increased 39.8% 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 Wellman-Union Consolidated Independent?

Based on a typical all-in ownership cost of $830/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wellman-Union Consolidated Independent is $78k/year.

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What industries drive the economy in Wellman-Union Consolidated Independent?

The largest employment sectors in Wellman-Union Consolidated Independent are agriculture and mining (36%) and construction (29%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.