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City Report · TX

Caddo Mills

Pop. 3,340·48th most expensive in Texas·Rental market data updated monthly for Caddo Mills, TX
Median rent (all units)
$2,020/mo
Year-over-Year
Stable
Month-over-Month
-1.2%
vs US Median
+$55
Falling (Monthly)
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Most AffordableMost Expensive
Caddo Mills · $2,020
More expensive than 60% of US cities · National median $1,965/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,020/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$81,000/yr
Local median income
$107,067/yr
Based on the 30%-of-income rule using Caddo Mills's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,480
2 BR
$1,740
3 BR
$2,180
4 BR+
$2,800
Research median
$1,740/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$24,240/yr
At $2,020/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.2% MoM), not inventory.
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Demographics

Who lives here

Caddo Mills, TX is majority owner-occupied, has a large share of families with children, has a median income above the national average, 30.1% of residents hold a bachelor's degree or higher.

Population
3,340
Median income
$107,067
Median age
33.5
Renters
29%
Age distribution
29.1%
24%
21.6%
13.5%
Under 1829.1%
18–3424%
35–5421.6%
55–6411.9%
65+13.5%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
80.2%
White80.2%
Black3.9%
Hispanic10.7%
Other5%
Education (25+)
32.2%
30.1%
30.1%
No HS diploma7.7%
HS diploma32.2%
Some college30.1%
Bachelor's+30.1%
Housing tenure
71%
29%
Owner71%
Renter29%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Caddo Mills, TX has changed in 5 years

Income
$66,354 → $107,067
up 61.4%
Population
1,680 → 3,340
up 98.8%
Renter share
41.2% → 29%
-12.2 pts
Bachelor's+
19.8% → 30.1%
+10.3 pts
Median age
35.1 → 33.5
-1.6 yrs

Local incomes tracked alongside that move, going from a median of $66,354 in 2021 to $107,067 more recently. Census counts show Caddo Mills, TX adding about 1,660 residents over the five-year window, up 98.8% on net. The renter share has eased from 41.2% to 29%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 19.8% to 30.1% across the same window.

Community

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View Caddo Mills rent history (2015–2026) →
Salary vs rent

Can you afford rent in Caddo Mills on your salary?

At $2,020/mo, how Caddo Mills rent compares to typical pay (30% rule).

By apartment size

Caddo Mills rent by bedroom count

Median rent for each apartment size in Caddo Mills. Click any size for full breakdown.

Local insights

Tips for renters in Caddo Mills

About renting in Caddo Mills, TX

Last updated: July 20, 2026

The median rent in Caddo Mills is $2,020/mo as of July 2026. A studio apartment averages $1,410/mo while a 2-bedroom runs $1,740/mo. One-bedroom apartments average $1,480/mo and 3-bedroom units go for $2,180/mo.

At 23% of local median household income ($107,067/yr), Caddo Mills ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Caddo Mills an affordable city for renters?

Caddo Mills is considered very affordable for renters. At $2,020/mo, rent takes approximately 23% of the local median household income ($107,067/yr). The standard benchmark is 30%. Caddo Mills falls comfortably within that range.

How much income do you need to rent in Caddo Mills?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,020/mo in Caddo Mills. The local median household income is $107,067/yr, meaning the typical Caddo Mills household meets that threshold.

Is rent going up or down in Caddo Mills?

Rent in Caddo Mills has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Caddo Mills rent compare to other cities in Texas?

Caddo Mills is one of the pricier cities in Texas for rent, ranking #48 out of 269 tracked cities at $2,020/mo.

Which nearby cities are cheaper to rent in than Caddo Mills?

Several nearby cities have lower median rents than Caddo Mills ($2,020/mo): Greenville ($1,456/mo), Farmersville ($1,514/mo).

What percentage of Caddo Mills residents rent vs. own?

According to Census data, approximately 29% of Caddo Mills households are renters, while 71% are owner-occupied. Caddo Mills leans toward homeownership, which can mean a smaller rental inventory.

How does Caddo Mills rent compare to the national average?

Caddo Mills's median rent of $2,020/mo is $55 (3%) above the US national median of $1,965/mo. Within Texas, it ranks #48 out of 269 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $2,020/mo, rent takes ~23% of Caddo Mills's median household income ($107,067/yr). The standard benchmark is 30%.

Caddo Mills 23%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Caddo Mills, TX

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