Quick facts: Bowie, TX

Quick Facts

99.5
Cost of Living
below US average
5,738
Population
29.63
Crime Rate per 1000
above US average
$60,659
Median Income
below US average
$269,000
Median House Price
above US average
$1350.71
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $60,659.

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Income Needed to Buy

βœ— Stretch
$84k/year
Based on $269,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $84k vs median $60,659
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Income Needed to Rent

βœ“ Affordable
$58k/year
Based on $1350.71/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($60,659) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bowie, TX

Bowie, Texas, located in Montague County, is a small town with a rich history and a welcoming community atmosphere. Established in the 19th century, Bowie has retained its charming small-town vibe while providing residents and visitors with essential amenities. The town is known for its historic downtown area, which features unique shops, local eateries, and a sense of heritage that reflects its past. Bowie is also home to several parks and recreational areas, offering opportunities for outdoor activities such as hiking, fishing, and picnicking. The surrounding countryside features beautiful landscapes typical of North Texas, making it a great location for nature enthusiasts. Community events and festivals are a vital part of Bowie’s culture, allowing residents to come together and celebrate their town. The local schools emphasize education and community involvement, contributing to the overall quality of life in the area. Close to larger cities like Gainesville and Wichita Falls, Bowie provides both the tranquility of small-town living and the convenience of access to bigger urban amenities. Overall, Bowie, TX, is a hidden gem for those seeking a friendly, tight-knit community.

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