Quick facts: Clarendon, TX

Quick Facts

99.5
Cost of Living
below US average
1,948
Population
25.67
Crime Rate per 1000
above US average
$47,457
Median Income
below US average
$42,000
Median House Price
above US average
$138.0
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $47,457.

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Income Needed to Buy

βœ“ Affordable
$13k/year
Based on $42,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($47,457) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$6k/year
Based on $138.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($47,457) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Clarendon, TX

Clarendon is a small town located in Donley County, Texas. It serves as the county seat and is known for its rich history and vibrant community. Established in the late 19th century, the town has a population of just over 1,800 residents, embodying the charm of rural Texan life. The town is strategically positioned near U.S. Highway 287, providing easy access to larger cities while maintaining its small-town feel. Notable for its historical significance, Clarendon boasts several historic buildings, including the Donley County Courthouse, which reflects the architectural style of the time. Clarendon offers recreational opportunities with local parks and nearby fishing and hunting grounds, catering to outdoor enthusiasts. The town hosts community events that strengthen local ties and bring residents together, showcasing the friendly atmosphere of the area. Residents enjoy a slower pace of life, with essential amenities available in town, including schools, shops, and restaurants. Overall, Clarendon presents an inviting mix of history, community spirit, and access to nature, making it a unique spot in the Texas Panhandle.

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