Quick facts: Dimmitt, TX

Quick Facts

99.5
Cost of Living
below US average
4,118
Population
6.31
Crime Rate per 1000
below US average
$64,848
Median Income
below US average
$185,000
Median House Price
above US average
$1563
Average Rent
above US average
13%
Poverty Rate
above US average
3.9%
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 $64,848.

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Income Needed to Buy

βœ“ Affordable
$58k/year
Based on $185,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($64,848) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$67k/year
Based on $1563/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $67k vs median $64,848
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dimmitt, TX

Dimmitt is a small city located in Castro County in the Texas Panhandle. With a population of approximately 4,500 residents, it serves as a charming gateway to rural Texas life. The city was founded in the early 20th century and has a rich agricultural heritage, primarily centered around farming and ranching. Dimmitt is known for its friendly community atmosphere and a variety of local events, including the annual Castro County Fair, which showcases local culture and agriculture. Key features of Dimmitt include several parks for outdoor recreation, a well-maintained community center, and local businesses that reflect the town's close-knit character. The city is also home to educational institutions that cater to its residents, emphasizing the importance of community and education. Dimmitt’s location along major highways makes it accessible, providing residents with a peaceful small-town living experience while being a short drive away from larger cities. The surrounding area boasts beautiful landscapes, perfect for those who enjoy outdoor activities and a slower pace of life.

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