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City · 8,860 residents · Denton County, Texas

Paloma Creek South , Texas

In Paloma Creek South, a typical home is worth $364,900 and typical rent is $2,664 a month. Compared with all of Denton County, typical rent is 54% higher, the typical home value is 17% lower, and the share of households that own their home is 8 points higher.

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  • Typical home value

    $364,900

    17% below the county

    29% above Texas

    • Paloma Creek South
    • Denton
    • Texas

  • Typical rent

    $2,664a month

    54% above the county

    90% above Texas

    • Paloma Creek South
    • Denton
    • Texas

  • Typical household income

    $121,747a year

    9% above the county

    55% above Texas

    • Paloma Creek South
    • Denton
    • Texas

  • Households that own their home

    74%

    8 points above the county

    11 points above Texas

    • Paloma Creek South
    • Denton
    • Texas

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

Paloma Creek South is in Denton 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 Denton County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Paloma Creek South apart

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

  1. The typical rent in Paloma Creek South is $2,664 a month, 54% more than in Denton County as a whole ($1,728).

  2. Nearby, in Aubrey, the typical rent is $1,882: 29% less than in Paloma Creek South ($2,664).

  3. The typical home in Paloma Creek South is worth $364,900, 17% less than in Denton County as a whole ($437,200).

  4. 74% of households in Paloma Creek South own their home, against 65% in Denton County.

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

The homes here

Housing in Paloma Creek South

What homes there are in Paloma Creek South, 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 Paloma Creek South: 96% of homes, more than in Denton County (69%).

Year built

Here half of the homes date from 2012 or later; in Denton County, from 2003 or later.

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

$2,524 a month

Denton County: $2,676 a month

Owners with a mortgage

83%

Denton County: 71%

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

The boundaries of Paloma Creek South changed since 2015–2019, so the Census does not compare its figures from then and now. In Denton County, the typical home value rose 57%.

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

MeasurePaloma Creek SouthDenton CountyTexasUnited States
Rental vacancy Unreliable estimate4.8%7.7%5.5%
Homeowner vacancy Unreliable estimate0.7%1.1%0.9%
More than one person per room Unreliable estimate2.9%4.8%3.4%
People per household 3.162.682.692.53
Drive alone 52%66%71%69%
Carpool 8%8%10%9%
Public transit Unreliable estimate0%1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 37%24%14%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 3.16 on average, against 2.68 in Denton County.

Working from home is more common in Paloma Creek South: 37%, against 24% in Denton County.

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 Paloma Creek South?

A typical home is tight for the typical income

We start with a typical home in Paloma Creek South, worth $364,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 33% of the typical household income in Paloma Creek South, which is $121,747 a year. For that payment to be 28% of income, a household would need to earn about $142,738 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Paloma Creek South. 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 $12,772 (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

$3,331

at 7.18% · 30 years

Loan amount
$358,290
Total interest
$515,496
Paid off in
November 2056

Includes $6,162 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,841 a month

  • Tight

    $2,841 to $3,652 a month

    Your payment · 33%

  • Hard

    more than $3,652 a month

Compared with the typical household income in Paloma Creek South ($121,747 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,331
Principal & interest$2,427
Property tax$590
Home insurance$152
FHA mortgage insurance (MIP)$161

You need at least $12,772 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

Paloma Creek South and Denton County

Paloma Creek South is in Denton 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).

Paloma Creek South's own numbers

Typical home value
$364,900
Typical monthly rent
$2,664
Typical yearly household income
$121,747
Households that own their home
74%
Effective property tax rate
1.94%

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

Numbers for all of Denton 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)
+46%
Homes in a high flood-risk zone
0.8%

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 Denton County.

Everything about Denton County

Buying

Buying a home in Paloma Creek South

A typical home in Paloma Creek South is worth $364,900: 17% below the county and 29% above Texas. With the typical household income in Paloma Creek South ($121,747 a year), a typical home costs 3.0 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.

  • Paloma Creek South 3.0 years
  • Denton 3.9 years
  • Texas 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Denton County

According to FHFA’s house price index, home prices in Denton County rose 101% in the 10 years through 2025.

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

Period County Texas U.S.
Last year (2025) −0.9% +0.8% +2.9%
5 years (2020–2025) +46% +44% +47%
10 years (2015–2025) +101% +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

Paloma Creek South next to Denton 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
  • Paloma Creek South $364,900
  • Denton $437,200
  • Texas $283,800
  • United States $332,700
Typical monthly rent
  • Paloma Creek South $2,664
  • Denton $1,728
  • Texas $1,403
  • United States $1,413
Typical yearly household income
  • Paloma Creek South $121,747
  • Denton $111,498
  • Texas $78,476
  • United States $80,734
See the full table
Paloma Creek South next to Denton County and Texas
Measure Paloma Creek South Denton County Texas U.S.
Typical home value $364,900 $437,200 $283,800 $332,700
Typical monthly rent $2,664 $1,728 $1,403 $1,413
Typical yearly household income $121,747 $111,498 $78,476 $80,734
Households that own their home 74% 65% 63% 65%
Typical yearly property tax $7,078 $7,055 $4,232 $3,119
Effective property tax rate 1.94% 1.61% 1.49% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Denton 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 Paloma Creek South

For a typical $364,900 home in Paloma Creek South, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Paloma Creek South's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,331a month

    Least cash to close
    Down payment
    $12,772
    Cash to close
    $23,719
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $161

  • Conventional, 5% down $3,264a month

    Down payment
    $18,245
    Cash to close
    $29,192
    Rate
    7.18%
    Mortgage insurance
    PMI · $173

  • Conventional, 20% down, no PMI $2,720a month

    Down payment
    $72,980
    Cash to close
    $83,927
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,057a month

    Down payment
    $54,735
    Cash to close
    $65,682
    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 Paloma Creek South and for Denton County.

Property tax

Effective rate in Paloma Creek South

1.94%of the home’s value each year

$7,078 a year for the typical owner in Paloma Creek South.

  • Paloma Creek South 1.94%
  • Denton 1.61%
  • Texas 1.49%

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

Exemptions and deadlines in Texas

Flood risk in Denton County

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

Homes in the high-risk zone
0.8%
1,994
Of those, with NFIP insurance
28%
County Texas U.S.
Homes in the high-risk zone 0.8% 4.1% 3.5%
Of those, with NFIP insurance 28% 48% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Paloma Creek South

Typical rent in Paloma Creek South is $2,664 a month: 54% above the county.

HUD publishes a fair market rent for all of Denton 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 Denton 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 Paloma Creek South

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Paloma Creek South is in ZIP code 75068.

For 2 bedrooms it is $2,530: $723 more than the fair market rent for Denton County ($1,807).

  • 75068 $2,530$3,190

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Paloma Creek South 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?

Free help

Help to buy or rent in Paloma Creek South

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 Denton County. The nearest ones are below; many serve by phone or online.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Paloma Creek South

No down payment, repair or rent-help program on our list is for Paloma Creek South or Denton County. The ones below are statewide in Texas: they work in Paloma Creek South 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 Paloma Creek South

The HUD-approved agencies closest to the center of Paloma Creek South, 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

  • Transformance DBA Services of Hope Entities

    1137 Conveyor Ln Ste 107, Dallas · 28 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (214) 276-0235

  • Dallas County Home Loan Counseling Center

    2377 N Stemmons Fwy, Dallas · 29 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 Paloma Creek South

None of the 3 agencies on this list say they serve 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 Paloma Creek South

In HUD’s record, no housing authority with an office in Denton County is named for Paloma Creek South or Denton County.

One other authority has an office in Denton County: see the list Source: HUD

Cities

Other cities in Denton County

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

Everything about Denton County Housing in Texas
See 11 more cities in Denton County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Paloma Creek South, with the typical home value.

Neighboring counties

If Denton 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 Paloma Creek South.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Paloma Creek South

Short answers with the numbers for Paloma Creek South and all of Denton 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 Paloma Creek South?

The typical home value in Paloma Creek South is $364,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Denton County it is $437,200.

How much does it cost to rent in Paloma Creek South?

Typical rent in Paloma Creek South is $2,664 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Denton County is $1,807.

What is the FHA loan limit in Paloma Creek South?

Paloma Creek South uses the FHA limit for all of Denton 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 Paloma Creek South?

The typical homeowner in Paloma Creek South pays $7,078 a year, according to the U.S. Census Bureau. That is 1.94% of the home’s value; in Denton County, the rate is 1.61%.

Where can I find free help to buy or rent in Paloma Creek South?

We found no HUD-approved counseling agencies with an office in Denton 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).