Quick facts: Broaddus, TX

Quick Facts

99.5
Cost of Living
below US average
184
Population
27.17
Crime Rate per 1000
above US average
$63,958
Median Income
below US average
$150,000
Median House Price
above US average
$1563
Average Rent
above US average
12%
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 $63,958.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($63,958) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$67k/year
Based on $1563/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $67k vs median $63,958
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Broaddus, TX

Broaddus is a small town located in the eastern part of Texas, primarily in San Augustine County. With a population of just a few hundred residents, Broaddus embodies the charm of small-town living, offering a close-knit community atmosphere and a slower pace of life. The town is surrounded by lush forests, making it an ideal location for hunting, fishing, and outdoor activities. One of the notable features of Broaddus is its proximity to the Sam Rayburn Reservoir, one of Texas’s largest lakes, which attracts fishing enthusiasts and water sports lovers alike. The local economy is mainly driven by agriculture and small businesses, and the town hosts various community events throughout the year that foster camaraderie among residents. While Broaddus may not have the extensive amenities of larger cities, its appeal lies in its natural beauty and the serenity of rural Texas. Visitors and residents alike appreciate the friendly atmosphere and the opportunity to connect with nature and enjoy recreational activities in a scenic setting.

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