Quick facts: Bridgeport, TX

Quick Facts

99.5
Cost of Living
below US average
6,321
Population
15.35
Crime Rate per 1000
below US average
$96,231
Median Income
above US average
$259,499
Median House Price
above US average
$1554.83
Average Rent
above US average
10%
Poverty Rate
below 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 $96,231.

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Income Needed to Buy

βœ“ Affordable
$81k/year
Based on $259,499 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($96,231) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$67k/year
Based on $1554.83/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($96,231) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bridgeport, TX

Bridgeport is a charming city located in Wise County, Texas, about 50 miles northwest of Fort Worth. Known for its small-town atmosphere, Bridgeport boasts a population of approximately 6,000 residents. The city is characterized by its friendly community and rich history, dating back to the late 1800s. Bridgeport is situated near Lake Bridgeport, which offers recreational opportunities like fishing, boating, and camping. The city's landscape is adorned with beautiful parks, providing residents and visitors serene spaces for outdoor activities and family gatherings. The local economy is primarily driven by agriculture, as well as retail and service industries. The downtown area features a mix of quaint shops, restaurants, and local businesses that contribute to the city's unique charm. Education is anchored by the Bridgeport Independent School District, which is known for its dedication to student achievement and community involvement. Overall, Bridgeport, TX, combines the tranquility of rural life with convenient access to larger urban centers, making it an appealing place to live or visit.

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