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Westway

Learn about the people, housing, costs and businesses in Westway, Texas

Median Home$204,000
Median Rent$1,546/month
Population4,174
Leading IndustriesTransportation · Wholesale Trade · Healthcare7% transportation
Home Value Growth+9.9% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners82% of occupied units
Westway
TX

Frequently Asked Questions

What are today's mortgage rates in Westway?

As of today, the 30-year fixed mortgage rate for Westway is approximately 6.919% (6.956% 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 Westway?

The median home value in Westway is $204k. The median monthly rent is $1,546. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Westway?

Home values in Westway have increased 9.9% 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 Westway?

Based on a typical all-in ownership cost of $985/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Westway is $78k/year.

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What industries drive the economy in Westway?

The largest employment sectors in Westway are public administration (23%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.