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Wheeler Independent

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

Median Home$152,463
Median Rent$982/month
Population1,993
Leading IndustriesAgriculture & Mining · Manufacturing · Construction28% agriculture & mining
Home Value Growth⬆⬆+15.3% over 2 years
Family-Friendly27% of residentswell above average
Homeowners76% of occupied units
Wheeler 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 Wheeler Independent?

As of today, the 30-year fixed mortgage rate for Wheeler Independent is approximately 7.337% (7.388% 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 Wheeler Independent?

The median home value in Wheeler Independent is $152k. The median monthly rent is $982. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wheeler Independent?

Home values in Wheeler Independent have increased 15.3% 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 Wheeler Independent?

Based on a typical all-in ownership cost of $713/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wheeler Independent is $70k/year.

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What industries drive the economy in Wheeler Independent?

The largest employment sectors in Wheeler Independent are agriculture and mining (28%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.