Quick facts: Gladewater, TX

Quick Facts

99.5
Cost of Living
below US average
6,230
Population
11.56
Crime Rate per 1000
below US average
$47,749
Median Income
below US average
$200,000
Median House Price
above US average
$1150.0
Average Rent
below US average
10%
Poverty Rate
below US average
3.2%
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 $47,749.

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Income Needed to Buy

βœ— Stretch
$63k/year
Based on $200,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $63k vs median $47,749
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Income Needed to Rent

⚠ Stretch
$49k/year
Based on $1150.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $49k vs median $47,749
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gladewater, TX

Gladewater is a charming small town located in East Texas, primarily in Gregg County but also extending into Upshur County. Known as the "Antique Capital of East Texas," Gladewater features an array of antique stores, drawing collectors and visitors from all over. The town has a rich history tied to the oil boom of the 1930s, which contributed to its growth and development. Nature enthusiasts can enjoy the scenic beauty of Lake Gladewater, a popular spot for fishing, boating, and picnicking. The area is also known for its appealing parks and recreational activities, making it a great destination for families. Additionally, Gladewater hosts various annual events, such as the Gladewater Rodeo and the East Texas State Fair, which foster a strong sense of community and celebrate local culture. While the town maintains a quiet, small-town atmosphere, it offers residents and visitors a friendly environment, historical charm, and easy access to larger cities like Tyler and Longview for additional amenities and entertainment.

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