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Zephyr Independent

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

Median Home$203,909
Median Rent$834/month
Population862
Leading IndustriesTransportation · Manufacturing5% transportation
Home Value Growth⬆⬆+11.6% over 2 years
Retirees27% of residentswell above average
Homeowners88% of occupied units
NotableVeteran Community10% of residents · top 9% nationally
Zephyr 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 Zephyr Independent?

As of today, the 30-year fixed mortgage rate for Zephyr Independent is approximately 6.946% (6.984% 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 Zephyr Independent?

The median home value in Zephyr Independent is $204k. The median monthly rent is $834. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Zephyr Independent?

Home values in Zephyr Independent have increased 11.6% 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 Zephyr Independent?

Based on a typical all-in ownership cost of $815/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Zephyr Independent is $72k/year.

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What industries drive the economy in Zephyr Independent?

The largest employment sectors in Zephyr Independent are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.