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City · 22,884 residents · Rockwall County, Texas

Fate , Texas

In Fate, a typical home is worth $384,300 and typical rent is $2,500 a month. Compared with all of Rockwall County, typical rent is 26% higher, the typical home value is 8% lower, and the share of households that own their home is 9 points higher.

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  • Typical home value

    $384,300

    8% below the county

    35% above Texas

    • Fate
    • Rockwall
    • Texas

  • Typical rent

    $2,500a month

    26% above the county

    78% above Texas

    • Fate
    • Rockwall
    • Texas

  • Typical household income

    $132,752a year

    4% above the county

    69% above Texas

    • Fate
    • Rockwall
    • Texas

  • Households that own their home

    92%

    9 points above the county

    29 points above Texas

    • Fate
    • Rockwall
    • Texas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$354,679
3.4% less than 12 months ago
Typical rent
$1,923 a month
1.3% less than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Fate is in Rockwall County. The FHA loan limit ($563,500 for a one-unit home), the fair market rents and the help on this page are those of all of Rockwall County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Fate apart

What this place has that others do not, from public data, most unusual first.

  1. Fate has the 17th highest typical rent of the 413 cities in Texas with more than 5,000 people ($2,500).

  2. Nearby, in Josephine, the typical rent is $1,688: 32% less than in Fate ($2,500).

  3. Nearby, in Josephine, the typical home value is $320,200: 17% less than in Fate ($384,300).

  4. Fate has the 26th highest homeownership rate of the 426 cities in Texas with more than 5,000 people (92%).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Fate

What homes there are in Fate, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Fate: 99% of homes, more than in Rockwall County (85%).

Year built

Homes in Fate are newer: the typical year built is 2013; in Rockwall County, 2006.

There is more room for a big family here: 97% of homes have 3 bedrooms or more, against 87% in Rockwall County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,534 a month

Rockwall County: $2,622 a month

Without a mortgage

$942 a month

Rockwall County: $964 a month

Owners with a mortgage

79%

Rockwall County: 70%

In Fate, 79% of owners have a mortgage; their typical cost is $2,534 a month, about the same as in Rockwall County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Fate rose 50%; in Rockwall County, it rose 56%.

Since 2015–2019, the typical rent in Fate rose 25%, less than in Rockwall County (39%).

Housing prices ran ahead of income in Fate: typical income rose 20%, against +50% for home values and +25% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFateRockwall CountyTexasUnited States
Rental vacancy Unreliable estimate6.9%7.7%5.5%
Homeowner vacancy Unreliable estimate1.5%1.1%0.9%
More than one person per room Unreliable estimate1.8%4.8%3.4%
People per household 3.402.982.692.53
Drive alone 72%72%71%69%
Carpool 9%8%10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 17%19%14%15%
Other means Unreliable estimate1%2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Fate has 3.40 people, more than in Rockwall County (2.98).

To get to work, 72% of workers in Fate drive alone; in Rockwall County, 72%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Fate?

A typical home is tight for the typical income

We start with a typical home in Fate, worth $384,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Fate, which is $132,752 a year. For that payment to be 28% of income, a household would need to earn about $146,895 a year.

The calculator's FHA and conventional loan limits are those of all of Rockwall County.

Your numbers

Local data
$

Starts at the typical home value in Fate. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,451 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,428

at 7.18% · 30 years

Loan amount
$377,339
Total interest
$542,902
Paid off in
November 2056

Includes $6,490 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,098 a month

  • Tight

    $3,098 to $3,983 a month

    Your payment · 31%

  • Hard

    more than $3,983 a month

Compared with the typical household income in Fate ($132,752 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,428
Principal & interest$2,556
Property tax$541
Home insurance$160
FHA mortgage insurance (MIP)$170

You need at least $13,451 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Fate and Rockwall County

Fate is in Rockwall County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Fate's own numbers

Typical home value
$384,300
Typical monthly rent
$2,500
Typical yearly household income
$132,752
Households that own their home
92%
Effective property tax rate
1.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Rockwall County

FHA limit, one-unit home
$563,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,807
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Rockwall County.

Everything about Rockwall County

Buying

Buying a home in Fate

A typical home in Fate is worth $384,300: 8% below the county and 35% above Texas. With the typical household income in Fate ($132,752 a year), a typical home costs 2.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Fate 2.9 years
  • Rockwall 3.2 years
  • Texas 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Rockwall County

According to FHFA’s house price index, home prices in Rockwall County rose 98% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Rockwall County.

Period County Texas U.S.
Last year (2025) −0.9% +0.8% +2.9%
5 years (2020–2025) +45% +44% +47%
10 years (2015–2025) +98% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Fate next to Rockwall County, Texas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Fate $384,300
  • Rockwall $415,500
  • Texas $283,800
  • United States $332,700
Typical monthly rent
  • Fate $2,500
  • Rockwall $1,992
  • Texas $1,403
  • United States $1,413
Typical yearly household income
  • Fate $132,752
  • Rockwall $127,981
  • Texas $78,476
  • United States $80,734
See the full table
Fate next to Rockwall County and Texas
Measure Fate Rockwall County Texas U.S.
Typical home value $384,300 $415,500 $283,800 $332,700
Typical monthly rent $2,500 $1,992 $1,403 $1,413
Typical yearly household income $132,752 $127,981 $78,476 $80,734
Households that own their home 92% 83% 63% 65%
Typical yearly property tax $6,495 $6,396 $4,232 $3,119
Effective property tax rate 1.69% 1.54% 1.49% 0.94%
Renters with high rent for their income 52% 52% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Rockwall County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Fate

For a typical $384,300 home in Fate, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Fate's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,428a month

    Least cash to close
    Down payment
    $13,451
    Cash to close
    $24,980
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $170

  • Conventional, 5% down $3,357a month

    Down payment
    $19,215
    Cash to close
    $30,744
    Rate
    7.18%
    Mortgage insurance
    PMI · $183

  • Conventional, 20% down, no PMI $2,784a month

    Down payment
    $76,860
    Cash to close
    $88,389
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,139a month

    Down payment
    $57,645
    Cash to close
    $69,174
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Fate and for Rockwall County.

Property tax

Effective rate in Fate

1.69%of the home’s value each year

$6,495 a year for the typical owner in Fate.

  • Fate 1.69%
  • Rockwall 1.54%
  • Texas 1.49%

What Texas publishes School-district homestead exemption (Texas Comptroller of Public Accounts)

Exemptions and deadlines in Texas

Flood risk in Rockwall County

FEMA does not publish these numbers by city: they are for all of Rockwall County.

Homes in the high-risk zone
1%
329
Of those, with NFIP insurance
18%
County Texas U.S.
Homes in the high-risk zone 1% 4.1% 3.5%
Of those, with NFIP insurance 18% 48% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Fate

Typical rent in Fate is $2,500 a month: 26% above the county. In Fate, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Rockwall County, by unit size. To pay the 2-bedroom one ($1,807 a month) without spending more than 30% of your income, you would need to earn $34.75 an hour working full time.

HUD fair market rent for all of Rockwall County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,491 $28.67 $59,640
1 bedroom $1,536 $29.54 $61,440
2 bedrooms $1,807 $34.75 $72,280
3 bedrooms $2,275 $43.75 $91,000
4 bedrooms $2,892 $55.62 $115,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Fate

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Fate has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,970 in 75087 to $2,390 in 75189.

3 of the 3 are above the fair market rent for Rockwall County ($1,807).

  • 75087 $1,970$2,480
  • 75132 $2,200$2,770
  • 75189 $2,390$3,010

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Fate when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Fate

HUD lists one building with rents for lower incomes in Fate.

  • Gala at Fate East End of Black Oak Lane, Fate 75132 185 low-income homes · For older adults, people with disabilities, families, people experiencing homelessness

See all 6 buildings in Rockwall County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Fate

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Rockwall County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Fate

No down payment, repair or rent-help program on our list is for Fate or Rockwall County. The ones below are statewide in Texas: they work in Fate the same as in the rest of the state.

Which programs do I qualify for? All programs in Texas

  • My First Texas Home

    Statewide in Texas

    Texas state program for first-time buyers: a 30-year mortgage with down payment assistance. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • My Choice Texas Home

    Statewide in Texas

    Texas state program with down payment assistance for any buyer, not only first-time buyers. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • Texas Mortgage Credit Certificate (MCC)

    Statewide in Texas

    Limited funds remain, per the source

    Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    Tax credit

    See the program Official page

Housing counselors near Fate

The HUD-approved agencies closest to the center of Fate, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Balance - Dallas

    8330 Lbj Fwy, Dallas · 22 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (800) 777-7526

  • Builders of Hope

    603 Munger Ave, Dallas · 27 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (214) 920-9850

  • Dallas County Home Loan Counseling Center

    2377 N Stemmons Fwy, Dallas · 28 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (214) 819-6060

All counseling agencies in Texas

Help in Spanish near Fate

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Fate

In HUD’s record, no housing authority with an office in Rockwall County is named for Fate or Rockwall County.

2 other authorities have an office in Rockwall County: see the list Source: HUD

Cities

Other cities in Rockwall County

These cities are also in Rockwall County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Rockwall County Housing in Texas

Nearby cities

The cities closest to Fate, with the typical home value.

Neighboring counties

If Rockwall County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Fate.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Fate

Short answers with the numbers for Fate and all of Rockwall County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Fate?

The typical home value in Fate is $384,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Rockwall County it is $415,500.

How much does it cost to rent in Fate?

Typical rent in Fate is $2,500 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Rockwall County is $1,807.

What is the FHA loan limit in Fate?

Fate uses the FHA limit for all of Rockwall County (2026): $563,500 for a one-unit home and $1,083,650 for a four-unit home.

How much property tax do owners pay in Fate?

The typical homeowner in Fate pays $6,495 a year, according to the U.S. Census Bureau. That is 1.69% of the home’s value; in Rockwall County, the rate is 1.54%.

Where can I find free help to buy or rent in Fate?

We found no HUD-approved counseling agencies with an office in Rockwall County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).