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Refinancing a mortgage in Deweyville, Texas

The typical owner-occupied home in Deweyville is worth about $137,300, 52% below the Texas median of $283,800 and 59% below the national median of $332,700. 100% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.

Deweyville at a glance

Deweyville Texas U.S.
Median home value $137,300 $283,800 $332,700
Median property tax paid per year – $4,232 $3,119
Median household income – $78,476 $80,734
Homes lived in by their owners 100% 63% 65%
Owner homes with a mortgage 57% 56% 61%
Median monthly costs, owners with a mortgage $781 $2,106 $1,963
Those costs as a share of the owners' income 15.8% 21.7% 21.0%
Median rent – $1,403 $1,413
Median year homes were built 2013 1992 1980
Vacant homes 15.3% 9.4% 10.1%
Population 357 30,188,424 334,922,499

What refinancing could save in Deweyville

Deweyville owners with a mortgage pay a median $781 a month for their mortgage, taxes, insurance and utilities, about 15.8% of their household income.

Say you owe $82,000, about 60% of the median home value here, on a 30-year loan at 8.11%. Refinancing into a new 30-year loan at this week's average of 7.11% would cut principal and interest from $608 to $552, saving about $56 a month.

Closing costs often run 2% to 5% of the loan. At 3%, about $2,500, the savings would cover the costs in about 45 months, so refinancing pays off if you keep the home longer than that.

A 15-year loan at 6.45% would raise the payment to $712, but you'd pay $70,412 less interest than on the new 30-year loan.

The average 30-year rate is 0.87 percentage points higher than a year ago, when it was 6.24%.

Refinancing a $82,000 balance
Current loan at 8.11%, 30 years$608
New 30-year loan at 7.11%$552
New 15-year loan at 6.45%$712
Monthly savings with the new 30-year loan$56

Principal and interest only; taxes and insurance stay the same.

Change the numbers in the calculator

Questions about mortgage refinance in Deweyville

What is the median home value in Deweyville?

About $137,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

When does refinancing make sense?

When the monthly savings repay your closing costs before you expect to sell or refinance again. This week's average rates are 7.11% for 30 years and 6.45% for 15 years.

More about Deweyville

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