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Wilmer

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

Median Home$175,500
Median Rent$1,402/month
Population5,849
Leading IndustriesWholesale Trade · Education22% wholesale trade
Home Value Growth+8.2% over 2 years
Family-Friendly38% of residentstop 1% nationally
Homeowners62% of occupied units
NotableTransit88/100 · excellent transit access
Wilmer
TX

Frequently Asked Questions

What are today's mortgage rates in Wilmer?

As of today, the 30-year fixed mortgage rate for Wilmer is approximately 6.977% (7.016% 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 Wilmer?

The median home value in Wilmer is $176k. The median monthly rent is $1,402. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wilmer?

Home values in Wilmer have increased 8.2% 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 Wilmer?

Based on a typical all-in ownership cost of $1,294/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wilmer is $59k/year.

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What industries drive the economy in Wilmer?

The largest employment sectors in Wilmer are public administration (24%) and wholesale trade (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.