Quick facts: Royse city, TX

Quick Facts

99.5
Cost of Living
below US average
19,782
Population
18.15
Crime Rate per 1000
below US average
$114,917
Median Income
above US average
$377,490
Median House Price
above US average
$2163.35
Average Rent
above US average
7%
Poverty Rate
below US average
3.2%
Unemployment Rate
below 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 $114,917.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $377,490 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $114,917
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Income Needed to Rent

βœ“ Affordable
$93k/year
Based on $2163.35/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($114,917) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Royse city, TX

Royse City is a charming city located in Rockwall and Collin Counties in Texas, approximately 30 miles east of Dallas. Known for its friendly community and small-town atmosphere, Royse City has experienced rapid growth over the years while maintaining its historic roots. The city was established in the late 1800s and has a rich history, reflected in its quaint downtown area featuring iconic buildings and local shops. The city boasts a number of parks and recreational opportunities, including the popular Royse City Community Park, which offers sports fields, playgrounds, and walking trails. With a population of around 15,000, it has a close-knit community feel, making it ideal for families and newcomers alike. Royse City's proximity to major highways allows for easy access to the amenities of the larger Dallas metropolitan area, while still providing a quieter residential environment. The local economy is supported by a mix of retail, agriculture, and service industries. With its ongoing development, quality schools, and commitment to community, Royse City is an attractive place to live and work in Texas.

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