Quick facts: Marshall, TX

Quick Facts

99.5
Cost of Living
below US average
23,641
Population
22.04
Crime Rate per 1000
below US average
$49,162
Median Income
below US average
$150,000
Median House Price
above US average
$1530.0
Average Rent
above US average
17%
Poverty Rate
above US average
5.1%
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 $49,162.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($49,162) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$66k/year
Based on $1530.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $66k vs median $49,162
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Marshall, TX

Marshall, Texas, located in the northeastern part of the state, is the county seat of Harrison County. This charming city boasts a rich history that dates back to its founding in 1841. Known for its vibrant cultural heritage, Marshall has been influential in the development of East Texas, particularly in the rail industry during the late 19th century. The city features an array of historic sites, including the Marshall Historic District, which showcases beautiful Victorian architecture and various museums that reflect the region's storied past. One notable attraction is the Harrison County Historical Museum, where visitors can learn about the local history and artifacts. Marshall is also famous for its annual events, such as the "Texas Statewide Homecoming" and the "Marshall Rodeo," celebrating local culture and community spirit. The city's proximity to Caddo Lake State Park offers outdoor enthusiasts activities like fishing, boating, and hiking amid stunning natural scenery. With a friendly small-town atmosphere, Marshall is known for its hospitality and community-oriented lifestyle, making it an inviting place for residents and visitors alike.

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