Quick facts: Buchanan dam, TX

Quick Facts

99.5
Cost of Living
below US average
1,274
Population
16.48
Crime Rate per 1000
below US average
$66,250
Median Income
below US average
$399,900
Median House Price
above US average
$2550.0
Average Rent
above US average
8%
Poverty Rate
below 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 $66,250.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $66,250
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Income Needed to Rent

⚠ Stretch
$109k/year
Based on $2550.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $109k vs median $66,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Buchanan dam, TX

Buchanan Dam is a small community located in Burnet County, Texas, known for its proximity to Lake Buchanan, one of the largest lakes in Central Texas. The area offers a peaceful, rural atmosphere with scenic views of the Texas Hill Country, making it a popular spot for outdoor recreational activities. Fishing, boating, and swimming in the lake are among the favorite pastimes for residents and visitors alike. The community is named after the Buchanan Dam, which was constructed in the 1930s to support hydroelectric power generation and flood control. The dam itself is a focal point for local history and provides stunning views of the surrounding hills and water. Buchanan Dam also features parks and campgrounds, attracting nature lovers and families looking for a relaxing getaway. With a close-knit population, the area fosters a strong sense of community, often hosting local events and gatherings that celebrate the region’s culture. Overall, Buchanan Dam is ideal for those seeking tranquility and natural beauty, yet it's conveniently located near larger towns such as Burnet and Marble Falls for additional amenities and services.

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