Quick facts: Granbury, TX

Quick Facts

95.0
Cost of Living
below US average
12,391
Population
36.4
Crime Rate per 1000
above US average
$65,015
Median Income
below US average
$244,990
Median House Price
above US average
$1953.6
Average Rent
above US average
7%
Poverty Rate
below US average
4.3%
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 $65,015.

🏠

Income Needed to Buy

βœ— Stretch
$77k/year
Based on $244,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $77k vs median $65,015
🏒

Income Needed to Rent

⚠ Stretch
$84k/year
Based on $1953.6/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $84k vs median $65,015
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Granbury, TX

Granbury, Texas, is a charming small town located about 35 miles southwest of Fort Worth. Known for its historic downtown area, Granbury boasts a variety of unique shops, restaurants, and art galleries, making it a vibrant community for both residents and visitors. The town is situated on the shores of Lake Granbury, offering a plethora of outdoor activities such as fishing, boating, and hiking. Granbury has a rich history, seen through its well-preserved 19th-century square, which features the Hood County Courthouse, a stunning example of Victorian architecture. The town hosts various events throughout the year, including the Granbury Wine Walk and the annual Granbury Opera House performances, attracting art and culture enthusiasts. With a friendly, small-town feel and a tight-knit community, Granbury offers a high quality of life, complete with excellent schools and numerous parks. Its unique blend of history, culture, and natural beauty makes Granbury a great place to visit or call home.

πŸ” Search & Compare Places

First Location πŸ“