Quick facts: Stephenville, TX

Quick Facts

99.5
Cost of Living
below US average
21,641
Population
13.31
Crime Rate per 1000
below US average
$48,088
Median Income
below US average
$330,000
Median House Price
above US average
$1626.91
Average Rent
above US average
12%
Poverty Rate
above US average
4.2%
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 $48,088.

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Income Needed to Buy

βœ— Stretch
$104k/year
Based on $330,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $104k vs median $48,088
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Income Needed to Rent

⚠ Stretch
$70k/year
Based on $1626.91/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $70k vs median $48,088
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stephenville, TX

Stephenville, Texas, located in Erath County, is a vibrant city with a rich cowboy history and a strong agricultural background. Known as the "Cowboy Capital of the World," it hosts numerous rodeos and equestrian events throughout the year. The city has a population of around 20,000 residents and serves as a hub for the surrounding rural communities. Stephenville is home to Tarleton State University, which contributes to its lively atmosphere and provides various educational opportunities. Residents enjoy access to local parks, recreational facilities, and cultural events that reflect the city's Western heritage. The annual Cowboy Capital of the World PRCA Rodeo draws visitors from across the state, showcasing the community's love for rodeo culture. The downtown area features charming shops, dining options, and historical landmarks that invite exploration. With a strong sense of community, Stephenville offers a blend of small-town charm and modern amenities, making it an attractive place for families and individuals seeking a welcoming environment in Central Texas.

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