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Western Lake

Learn about the people, housing, costs and businesses in Western Lake, Texas

Median Home$326,600
Median Rent$2,185/month
Population1,808
Leading IndustriesManufacturing · Agriculture & Mining · Construction5% manufacturing
Home Value Growth+4.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners86% of occupied units
NotableTransit89/100 · excellent transit access
NotableHigh Incomes$102k/year · top 16% nationally
Western Lake
TX

Frequently Asked Questions

What are today's mortgage rates in Western Lake?

As of today, the 30-year fixed mortgage rate for Western Lake is approximately 6.839% (6.873% 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 Western Lake?

The median home value in Western Lake is $327k. The median monthly rent is $2,185. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Western Lake?

Home values in Western Lake have increased 4.7% 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 Western Lake?

Based on a typical all-in ownership cost of $1,573/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Western Lake is $102k/year.

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What industries drive the economy in Western Lake?

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