Loraine, Texas.
Typical home $92,327 (-2.8% in a year).
to buy the typical home at today's mortgage rate — $74 (-13%) since Feb 2022.
- 1 year
- Down $2,639 -3%
- $94,965$92,327 since Sep 2025
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.
- Loraine$485
- Texas$1,556
- United States$1,922
Typical home values in Loraine, TX fell 2.8% over the past year — slower than the nation's +1.2%.
Living in Loraine, Mitchell County, Texas
Loraine is a town of 504 people in Mitchell County. Unemployment in Mitchell County was 3.2% in August 2026, and the county had 6.5% more jobs in 2025 than the year before. The most people in Mitchell County work in shops, then schools and health care.
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 It can be wrong or out of date.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. Loraine is a very small town in Mitchell County, Texas, where neighbors are likely to know one another. Homes here cost far less than in most of the country, and very few adults hold a four-year degree. Winters are mild and mostly dry, with only a dusting of snow now and then, while summers are hot, and precipitation through the year is on the light side.
Work. Residents work mostly in shops, in schools, hospitals and social care, in farming, forestry and mining, and in the building trades. Across Mitchell County, some of the largest workplaces are Colorado ISD, Mitchell County Hospital and Loraine ISD. Unemployment in the county is low and a little lower than a year ago, and the county has gained jobs over the past year. Most people head out to work, and the typical commute is a modest one.
Things to do. For time outdoors, Lake Colorado City State Park is a park on a lake, a longer drive away. Champion Creek Reservoir is a reservoir that is also a longer drive away, and Beals Creek is a river, likewise a longer drive from town.
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- 4%of adults have a degree
- 21 mintypical commute
- 5%work from home
What people in Mitchell County work in
Employed residents by industry, from the Census survey. Mitchell County had 2,152 jobs in 2025, 6.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 58° and lows near 28°; warmest in July, with highs near 97° and lows near 71°. About 2 inches of snow and 22 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Colorado City weather station, 9 miles away (NOAA).
Largest workplaces in Mitchell County
- Colorado ISDSchool district167FTE
- Mitchell County HospitalCritical access hospital116FTE
- Westbrook ISDSchool district38FTE
- Loraine ISDSchool district35FTE
- PAY and SaveGrocery stores32
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 1 workplace with 20 or more staff, 32 people in all across the county; Loraine has one 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
- Strong windVery high
- HailVery high
- DroughtRelatively high
- WildfireRelatively high
- Winter weatherRelatively high
- TornadoesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Loraine’s census tracts, against the rest of the country; all of them together, relatively high. 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 Mitchell County.
Loraine home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Loraine$92,327
- Texas$296,424
- United States$366,157
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.
Zip codes with a Loraine address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Loraine — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.