Quick facts: Corsicana, TX

Quick Facts

99.5
Cost of Living
below US average
25,566
Population
27.11
Crime Rate per 1000
above US average
$49,353
Median Income
below US average
$230,000
Median House Price
above US average
$1392.44
Average Rent
below US average
14%
Poverty Rate
above US average
4.9%
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 $49,353.

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Income Needed to Buy

βœ— Stretch
$72k/year
Based on $230,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $49,353
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Income Needed to Rent

⚠ Stretch
$60k/year
Based on $1392.44/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $60k vs median $49,353
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Corsicana, TX

Corsicana is a charming city located in Navarro County, Texas, known for its rich history and small-town atmosphere. Founded in the late 1800s, Corsicana gained prominence as a center for oil production and agriculture, particularly cotton. Today, it boasts a diverse economy with a mix of manufacturing, retail, and services. The city has a population of approximately 23,000 residents, fostering a tight-knit community spirit. Corsicana features various attractions, including the historic downtown area filled with unique shops, restaurants, and the beautifully restored Palace Theatre, where visitors can enjoy live performances. The city is also home to the Corsicana Public Library and the Navarro County Historical Society, which shares the area's heritage. For outdoor enthusiasts, Corsicana offers parks and recreational facilities like the 287 Lake Park, perfect for fishing, boating, and picnicking. The city holds annual events such as the Corsicana Chili Fest and Christmas festivities, which draw crowds from surrounding areas, showcasing local culture and hospitality. Overall, Corsicana provides a blend of history, community, and recreation, making it a delightful place to visit or reside.

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