Quick facts: Denver city, TX

Quick Facts

99.5
Cost of Living
below US average
4,303
Population
6.27
Crime Rate per 1000
below US average
$81,449
Median Income
above US average
$265,000
Median House Price
above US average
$1200.0
Average Rent
below US average
11%
Poverty Rate
above US average
6.0%
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 $81,449.

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Income Needed to Buy

βœ— Stretch
$83k/year
Based on $265,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $83k vs median $81,449
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Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1200.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($81,449) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Denver city, TX

Denver City is a small town located in Yoakum County, Texas, with a population of around 4,000 residents. Known for its friendly atmosphere, it serves as a modest agricultural hub, primarily focused on farming and oil production. The town is characterized by wide streets, local parks, and a strong sense of community. Denver City offers a range of amenities, including local shops, restaurants, and schools, catering to the needs of its residents. The surrounding landscape features the picturesque views of the Texas plains, making it appealing for those who enjoy outdoor activities like fishing, hiking, and hunting. Culturally, Denver City embodies a blend of small-town charm and Texan pride, hosting events such as local fairs and community gatherings that bring residents together. The town is conveniently located near larger cities, providing access to more extensive services and recreational options while maintaining a peaceful, rural lifestyle. Overall, Denver City is a great place for those looking for a close-knit community in the heart of Texas.

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