Muleshoe is located in northwest Texas. Muleshoe is between the Bailey, Castro, Lamb, Parmer county. Muleshoe has 3.43 square miles of land area and has no water area. As of 2010-2014, the total Muleshoe population is 5,161, which has grown 13.93% since 2000. The population growth rate is much lower than the state average rate of 25.13% and is higher than the national average rate of 11.61%. Muleshoe median household income is $40,707 in 2010-2014 and has grown by 59.52% since 2000. The income growth rate is much higher than the state average rate of 31.68% and is much higher than the national average rate of 27.36%. Muleshoe median house value is $62,800 in 2010-2014 and has grown by 87.46% since 2000. The house value growth rate is higher than the state average rate of 59.27% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Muleshoe is close to the state average in quality. The Muleshoe area code is 806.