Quick facts: Victoria, TX

Quick Facts

99.5
Cost of Living
below US average
65,372
Population
25.99
Crime Rate per 1000
above US average
$64,832
Median Income
below US average
$289,900
Median House Price
above US average
$1964.33
Average Rent
above US average
13%
Poverty Rate
above US average
4.8%
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 $64,832.

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Income Needed to Buy

βœ— Stretch
$91k/year
Based on $289,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $91k vs median $64,832
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Income Needed to Rent

⚠ Stretch
$84k/year
Based on $1964.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $84k vs median $64,832
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Victoria, TX

Victoria, Texas, is a vibrant city located in the heart of the Gulf Coast region. Known as the "Crossroads of South Texas," it serves as a commercial hub for various industries, including agriculture, healthcare, and manufacturing. Victoria boasts a rich history, reflected in its well-preserved historic downtown area, where visitors can explore attractions such as the Victoria County Courthouse and the Texas Zoo. The city is also home to several parks and recreational areas, including the expansive Riverside Park, offering scenic trails, picnic spots, and playgrounds. Victoria enjoys a warm, humid subtropical climate, characterized by hot summers and mild winters, making it ideal for year-round outdoor activities. Culturally, Victoria hosts numerous events throughout the year, celebrating its diverse heritage, including the renowned Victoria Bach Festival and various farmers’ markets. With its friendly community, growing economy, and a variety of educational institutions, including the University of Houston-Victoria, the city offers a quality living experience. Whether you are interested in history, culture, or outdoor adventures, Victoria is a charming destination to explore.

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