Quick facts: Lewisville, TX

Quick Facts

102.4
Cost of Living
above US average
131,215
Population
21.64
Crime Rate per 1000
below US average
$82,006
Median Income
above US average
$375,000
Median House Price
above US average
$1742.99
Average Rent
above US average
5%
Poverty Rate
below US average
4.1%
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 $82,006.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $375,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $82,006
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Income Needed to Rent

βœ“ Affordable
$75k/year
Based on $1742.99/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($82,006) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lewisville, TX

Lewisville, Texas, is a thriving suburban city located in Denton County, just north of the Dallas-Fort Worth metropolitan area. Known for its picturesque landscapes, Lewisville boasts a blend of natural beauty and urban conveniences. The city is situated near Lewisville Lake, offering ample recreational opportunities such as boating, fishing, and hiking. Lewisville is home to multiple parks and green spaces, including the popular Lewisville Lake Park, which features picnic areas, playgrounds, and trails. The city hosts various community events throughout the year, fostering a strong sense of community among residents. The local economy is vibrant, with a mix of retail, dining, and businesses contributing to its growth. Lewisville is also recognized for its excellent school districts and family-friendly atmosphere, making it an attractive location for families. With easy access to major highways, residents enjoy convenient commutes to nearby cities like Dallas and Frisco. The city's diverse population, rich cultural scene, and commitment to maintaining a high quality of life make Lewisville a desirable place to live and work in Texas.

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