Quick facts: Copperas cove, TX

Quick Facts

99.5
Cost of Living
below US average
37,964
Population
20.39
Crime Rate per 1000
below US average
$64,798
Median Income
below US average
$253,135
Median House Price
above US average
$1385.35
Average Rent
below US average
11%
Poverty Rate
above US average
4.8%
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 $64,798.

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Income Needed to Buy

βœ— Stretch
$79k/year
Based on $253,135 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $79k vs median $64,798
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Income Needed to Rent

βœ“ Affordable
$59k/year
Based on $1385.35/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($64,798) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Copperas cove, TX

Copperas Cove is a city located in central Texas, primarily in Coryell County, with a small portion extending into Bell County. It is known for its rich military history and is situated near Fort Hood, one of the largest military installations in the United States. The city's location provides easy access to diverse outdoor recreation opportunities, with nearby lakes and parks such as the Copperas Cove City Park and the scenic hills that surround the area. Copperas Cove has a small-town charm combined with modern amenities, making it an attractive place for families and individuals. The city offers a variety of shops, restaurants, and local events that foster community engagement. The Copperas Cove Independent School District serves the educational needs of the residents, providing quality education from elementary to high school. With a growing population and a commitment to economic development, Copperas Cove is becoming increasingly appealing for new businesses and residents. The city also places a strong emphasis on community services, making it a welcoming environment for newcomers and long-time residents alike.

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