Quick facts: Sulphur springs, TX

Quick Facts

99.5
Cost of Living
below US average
16,408
Population
8.17
Crime Rate per 1000
below US average
$54,950
Median Income
below US average
$246,805
Median House Price
above US average
$1575.65
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 $54,950.

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Income Needed to Buy

βœ— Stretch
$77k/year
Based on $246,805 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $77k vs median $54,950
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Income Needed to Rent

⚠ Stretch
$68k/year
Based on $1575.65/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $68k vs median $54,950
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sulphur springs, TX

Sulphur Springs is a charming city located in Hopkins County, Texas. Known for its rich history, the city was established in the mid-19th century and has since developed into a vibrant community. The area features picturesque landscapes, with beautiful parks such as the popular Coleman Park, which offers walking trails and picnic areas. One of the city's highlights is the downtown area, where visitors can enjoy local shops, eateries, and historical landmarks. Sulphur Springs is also famous for its natural springs, which were believed to have medicinal qualities and attracted visitors in the past. The city hosts various events throughout the year, including the popular Sulphur Springs Rodeo, showcasing the region's strong agricultural roots. Sulphur Springs is also home to the Hopkins County Courthouse, a striking architectural landmark that adds to the city's historical charm. With a friendly community and a mix of small-town charm and modern conveniences, Sulphur Springs is an inviting place for both residents and visitors alike, making it a hidden gem in Texas.

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