Quick facts: Cedar park, TX

Quick Facts

110.5
Cost of Living
above US average
77,642
Population
14.61
Crime Rate per 1000
below US average
$118,903
Median Income
above US average
$482,000
Median House Price
above US average
$2213.9
Average Rent
above US average
5%
Poverty Rate
below US average
3.6%
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 $118,903.

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Income Needed to Buy

βœ— Stretch
$151k/year
Based on $482,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $151k vs median $118,903
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Income Needed to Rent

βœ“ Affordable
$95k/year
Based on $2213.9/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($118,903) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cedar park, TX

Cedar Park, Texas, is a vibrant suburban city located just northwest of Austin. With a population of over 77,000 residents, it offers a mix of urban conveniences and small-town charm. The city is known for its excellent schools, family-friendly neighborhoods, and a strong sense of community. Cedar Park boasts numerous parks and outdoor recreational spaces, including the expansive Brushy Creek Regional Trail, which is perfect for hiking, biking, and enjoying nature. The city's proximity to the stunning Texas Hill Country provides residents with ample opportunities for outdoor activities and scenic vistas. Cedar Park is also home to the H-E-B Center, where residents can attend various events, including concerts, sports games, and community festivals. The city's economy is thriving with a growing mix of retail, dining, and technology companies, making it an attractive place for both families and professionals. With its friendly atmosphere, great amenities, and close ties to Austin, Cedar Park serves as a desirable location for those seeking a dynamic yet relaxed lifestyle in Central Texas.

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