Quick facts: Brownfield, TX

Quick Facts

99.5
Cost of Living
below US average
8,717
Population
18.01
Crime Rate per 1000
below US average
$41,228
Median Income
below US average
$230,000
Median House Price
above US average
$849.33
Average Rent
below US average
10%
Poverty Rate
below US average
4.2%
Unemployment Rate
above 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 $41,228.

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Income Needed to Buy

βœ— Stretch
$72k/year
Based on $230,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $41,228
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Income Needed to Rent

βœ“ Affordable
$36k/year
Based on $849.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($41,228) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Brownfield, TX

Brownfield is a small city located in Terry County, Texas. Known for its agriculture and oil production, it plays a significant role in the area's economy. The city was founded in the late 1800s and has maintained a small-town charm with a population of around 9,000 residents. Brownfield features several local parks and community events that foster a close-knit atmosphere. The city serves as a hub for surrounding agricultural lands, making farming and ranching vital to its identity. The annual Brownfield Chili Cheese Festival celebrates local culture, drawing visitors and residents alike. Education in Brownfield is served by the Brownfield Independent School District, which includes elementary, middle, and high schools. The city also has access to health care services through local clinics and hospitals. Brownfield’s location gives residents easy access to larger cities while maintaining a slow-paced lifestyle. The friendly community and Texas landscapes make it an ideal place for those seeking quiet rural living along with the conveniences of nearby urban areas.

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