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West Tawakoni

Learn about the people, housing, costs and businesses in West Tawakoni, Texas

Median Home$163,400
Median Rent$1,160/month
Population1,966
Leading IndustriesWholesale Trade · Finance & Insurance17% wholesale trade
Home Value Growth⬆⬆⬆+30.7% over 2 years
Young Adults24% of residents
Homeowners85% of occupied units
NotableAmenity Score67/100 · highly walkable area
NotableVeteran Community9% of residents · top 22% nationally
West Tawakoni
TX

Frequently Asked Questions

What are today's mortgage rates in West Tawakoni?

As of today, the 30-year fixed mortgage rate for West Tawakoni is approximately 6.990% (7.029% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for West Tawakoni
What is the median home price in West Tawakoni?

The median home value in West Tawakoni is $163k. The median monthly rent is $1,160. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in West Tawakoni?

Home values in West Tawakoni have increased 30.7% 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 West Tawakoni?

Based on a typical all-in ownership cost of $870/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Tawakoni is $54k/year.

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What industries drive the economy in West Tawakoni?

The largest employment sectors in West Tawakoni are public administration (21%) and wholesale trade (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.