States · Texas · Rockwall County

Fate, Texas.

Typical home $354,679 (-3.4% in a year), asking rent $1,923 (-1.3%). Dallas-Fort Worth-Arlington, TX metro.

What it costs per month · Fate $1,862/mo

to buy the typical home at today's mortgage rate — +$867 (+87%) since Jan 2020.

What the home itself did
1 year
Down $12,482 -3%
$367,161$354,679 since Sep 2025
5 years
Up $10,737 +3%
$343,942$354,679 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Fate $1,862 Texas $1,556 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • Fate$1,862
  • Texas$1,556
  • United States$1,922

Typical home values in Fate, TX fell 3.4% over the past year — slower than the nation's +1.2%.

Asking rents in Fate, TX fell 1.3% over the past year — slower than the nation's +2.7%.

Owning the typical home in Fate runs $773/mo more than renting one. The gap peaked at $1,258 in Oct 2022.

That is $2,696 a month against $1,923 rent: a $1,862 mortgage payment, plus $455 property tax and $380 insurance & upkeep.

Owning vs renting — Fate

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,500 $2,000 $2,500 $3,000 2022 2023 2024 2025 2026 Owning all in $2,696 Renting $1,923 Mortgage only $1,862
$1,500 $2,000 $2,500 $3,000 2022 2024 2026
  • Owning all in$2,696
  • Renting$1,923
  • Mortgage only$1,862

Property tax · $455/mo 1.54% of value a year — the ACS 2020-2024 median bill over the median home value for Rockwall County, TX

Insurance & upkeep · $380/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Living in Fate, Rockwall County, Texas

Fate is a city of 17,958 people in Rockwall County. Half its households earn more than $132,752 a year and half less, against $127,981 across Rockwall County; 4% of its people live below the poverty line. 92% of its homes are lived in by their owners and 8% are rented. Unemployment in Fate was 4.1% in August 2026, and Rockwall County had 5.3% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.

People 17,958 in the 2020 census; median age 31.6
Household income $132,752 the median, give or take $10,239 · Rockwall County: $127,981
Unemployment 4.1% Fate, August 2026; 3.8% a year before
Homes 92% lived in by their owners; 8% rented

Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.

What it’s like

The place. Fate is a city in Rockwall County where nearly everyone owns the home they live in, and renters are a small minority. Residents tend to be younger than in most places, incomes run above the county's, and fewer people live below the poverty line than is typical. A good share of adults hold a four-year degree, and many people drive a fair distance to work, though a number of them work from home.

Work. Residents work mostly in schools, hospitals and social care, followed by professional and business services, manufacturing, and banking, insurance and property. Across Rockwall County, some of the largest workplaces are Rockwall ISD, Baylor Scott & White MC- Lake Pointe and Presbyterian Hospital of Rockwall. The county added jobs over the past year, and unemployment in Fate is a little higher than it was a year earlier.

Things to do. Lake Ray Hubbard, a reservoir, is the nearest outdoor water to head for, though it is a longer drive away, as is every place on the list. For museums, the Dallas Museum of Art and the Sixth Floor Museum at Dealey Plaza are both well known. Winters are mild and rarely bring snow, summers are hot, and rain falls fairly evenly through the year, so outings are easy to plan most of the year.

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  • 6,737households
  • 42%of adults have a degree
  • 4%below the poverty line
  • 35 mintypical commute
  • 17%work from home

What residents work in

  • Schools, hospitals and social care23%
  • Professional and business services18%
  • Manufacturing9%
  • Banks, insurance and property8%
  • Building trades8%
  • Shops (retail)8%

Employed residents by industry, from the Census survey. Rockwall County had 43,738 jobs in 2025, 5.3% more than the year before (Bureau of Labor Statistics).

Weather through the year

Average daily high and low for each month: coldest in January, 54° and 34°; warmest in August, 93° and 73° 40° 60° 80° 100° J 54° 34° F M A M J J A 93° 73° S O N D
Average daily high and low for each month: coldest in January, 54° and 34°; warmest in August, 93° and 73° 40° 60° 80° 100° J 54° 34° F M A M J J A 93° 73° S O N D

Coldest in January, with highs near 54° and lows near 34°; warmest in August, with highs near 93° and lows near 73°. About 40 inches of rain a year, and little or no snow.

Average daily high and low, 1991–2020, at the Lavon Dam weather station, 8 miles away (NOAA).

Largest workplaces in Rockwall County

  1. Rockwall ISDSchool district2,223FTE
  2. Royse City ISDSchool district1,266FTE
  3. Baylor Scott & White MC- Lake PointeGeneral hospital822FTE
  4. H-E-B768
  5. Presbyterian Hospital of RockwallGeneral hospital475FTE
  6. WalmartWarehouse clubs and supercenters444
  7. Channell CommercialUtility containers, plastics, manufacturing420
  8. Pegasus FoodsPrepared meals, perishable, packaged for individual resale416

Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 82 workplaces with 20 or more staff, 10,840 people in all across the county; Fate has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.

Natural hazards

  1. TornadoesRelatively high
  2. HailRelatively moderate
  3. Heat wavesrelatively high in parts of FateRelatively moderate
  4. Strong windRelatively moderate
  5. Cold wavesRelatively moderate

FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Fate’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.

From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Rockwall County and the Dallas-Fort Worth-Arlington, TX metro.

Fate home values

Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 2018 2020 2022 2024 2026 Fate $354,679 Texas $296,424 United States $366,157
$200,000 $300,000 $400,000 2018 2022 2026
  • Fate$354,679
  • Texas$296,424
  • United States$366,157
Property tax, 2026 roll $5,903/yr median bill inside Fate, effective 1.60% of estimated value — current assessment rolls, AssessorSearch Data Lab, quality-gated against the county's official figures

Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.

Sellers are cutting prices on about 1 in 2 Fate listings, and the typical home goes pending in 62 days — the market is cooling.

When this market ran hot

Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

Market heat, inside the city limits

Share of listings with a price cut

The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.

10% 20% 30% 40% 2018 2019 2020 2021 2022 2023 2024 2025 2026 Fate 40.94% United States 26.90%
10% 20% 30% 40% 2018 2022 2026
  • Fate40.94%
  • United States26.90%

Days to pending

How long the typical listing takes to go under contract.

20 40 60 80 2026 Fate 62 United States 27
20 40 60 80 2026
  • Fate62
  • United States27

Homes for sale

Active for-sale inventory. More supply hands power to buyers.

50 100 150 2018 2019 2020 2021 2022 2023 2024 2025 2026 Fate 171
50 100 150 2018 2022 2026
  • Fate171

New listings per month

Sellers arriving at the market.

20 30 40 50 2018 2019 2020 2021 2022 2023 2024 2025 2026 Fate 37
20 30 40 50 2018 2022 2026
  • Fate37

Median sale price

What buyers actually paid — closed sales, not asking prices.

$330,000 $340,000 $350,000 $360,000 $370,000 2026 Fate $329,140 United States $371,553
$330,000 $340,000 $350,000 $360,000 $370,000 2026
  • Fate$329,140
  • United States$371,553

Zip codes with a Fate address

A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Fate — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.

Zillow publishes no zip-level series with this city on the address.