Quick facts: Mission, TX

Quick Facts

99.5
Cost of Living
below US average
86,635
Population
20.14
Crime Rate per 1000
below US average
$56,421
Median Income
below US average
$250,000
Median House Price
above US average
$1667.6
Average Rent
above US average
20%
Poverty Rate
above US average
6.3%
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 $56,421.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $250,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $56,421
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Income Needed to Rent

⚠ Stretch
$71k/year
Based on $1667.6/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $71k vs median $56,421
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mission, TX

Mission, Texas, located in the heart of the Rio Grande Valley, is a vibrant city known for its rich culture and warm, welcoming community. Incorporated in 1949, it has evolved into a thriving hub with a population of around 85,000 residents. The city is characterized by its diverse demographic, with a significant Hispanic heritage reflected in its festivals, cuisine, and local events. Mission is famous for its agricultural contributions, particularly citrus farming, earning it the nickname "Citrus City." Outdoor enthusiasts can enjoy the picturesque beauty of the Mission Nature Park, which offers trails and opportunities for birdwatching, as well as the nearby Old Spanish Trailβ€”a historical route showcasing the region's history. The city hosts several annual events, including the Mission Texas Christmas Parade and the Mission Fiesta, celebrating local culture and community spirit. With a growing economy, access to education through schools and institutions, and a blend of historical and modern attractions, Mission serves as an inviting destination for visitors and a great place to live for its residents.

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