Quick facts: Madisonville, TX

Quick Facts

99.5
Cost of Living
below US average
4,564
Population
17.75
Crime Rate per 1000
below US average
$62,135
Median Income
below US average
$273,000
Median House Price
above US average
$4396.0
Average Rent
above US average
15%
Poverty Rate
above US average
4.5%
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 $62,135.

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Income Needed to Buy

βœ— Stretch
$86k/year
Based on $273,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $86k vs median $62,135
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Income Needed to Rent

⚠ Stretch
$188k/year
Based on $4396.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $188k vs median $62,135
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Madisonville, TX

Madisonville, located in the heart of Texas, is a small city in Madison County with a rich history and a friendly, tight-knit community. With a population of approximately 4,500 residents, it offers a quaint, small-town atmosphere while being easily accessible from larger cities such as Huntsville and Bryan-College Station. Madisonville is known for its vibrant local culture, hosting various community events and festivals throughout the year, including the Madisonville Mushroom Festival, which celebrates the town’s agricultural heritage. The city's charming downtown area features unique shops, restaurants, and local businesses that reflect the character of the community. Outdoor enthusiasts can enjoy various recreational activities at nearby parks and the nearby Lake Madison, which provides opportunities for fishing, boating, and picnicking. The town's proximity to the scenic Piney Woods region allows for exploration of the natural beauty of East Texas. Overall, Madisonville is a welcoming community with a blend of history, culture, and natural beauty, making it a delightful destination or a peaceful place to call home.

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