The typical owner-occupied home in Sweetwater is worth about $80,800, 72% below the Texas median of $283,800 and 76% below the national median of $332,700. Owners pay a median $1,170 a year in property taxes, about 1.45% of their home's value, close to the Texas rate of 1.49%. The median household earns $44,892 a year, so the median home costs 1.8 times the median income (3.6 times for Texas). 60% of occupied homes here are lived in by their owners, and 27% of those owners still have a mortgage.
Sweetwater at a glance
| Sweetwater | Texas | U.S. | |
|---|---|---|---|
| Median home value | $80,800 | $283,800 | $332,700 |
| Median property tax paid per year | $1,170 | $4,232 | $3,119 |
| Property tax as a share of value | 1.45% | 1.49% | 0.94% |
| Median household income | $44,892 | $78,476 | $80,734 |
| Homes lived in by their owners | 60% | 63% | 65% |
| Owner homes with a mortgage | 27% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,266 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 21.7% | 21.0% |
| Median rent | $907 | $1,403 | $1,413 |
| Rent as a share of renters' income | 28.6% | 30.9% | 30.6% |
| Median year homes were built | 1963 | 1992 | 1980 |
| Vacant homes | 17.9% | 9.4% | 10.1% |
| Population | 10,385 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Sweetwater
At this week's average 30-year rate of 7.11%, buying the median Sweetwater home of $80,800 with 20% down costs about $566 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $701, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $24,263 for the 20%-down payment. That payment is 15% of the median Sweetwater household income of $44,892; at that income and 20% down, the 28% guideline points to a home of about $149,000.
The median rent here is $907 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,160 |
|---|---|
| Loan amount | $64,640 |
| Principal and interest | $435 |
| Property taxes (1.45% a year) | $98 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $566 |
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| Down payment | $2,828 |
|---|---|
| Loan amount | $79,337 |
| Principal and interest | $534 |
| Property taxes (1.45% a year) | $98 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $701 |
Change the numbers in the calculator
Questions about home buying in Sweetwater
What is the median home value in Sweetwater?
About $80,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sweetwater?
Homeowners pay a median $1,170 a year, which is about 1.45% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Sweetwater?
For the median home with 20% down at 7.11%, the payment is about $566 a month. Keeping that under 28% of gross income takes about $24,263 a year.
More about Sweetwater
- Mortgage Refinance in Sweetwater
- Debt Relief in Sweetwater
- Home Equity Loans in Sweetwater
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data