Quick facts: Denison, TX

Quick Facts

99.5
Cost of Living
below US average
26,328
Population
15.04
Crime Rate per 1000
below US average
$58,930
Median Income
below US average
$239,000
Median House Price
above US average
$1548.63
Average Rent
above US average
10%
Poverty Rate
below US average
4.7%
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 $58,930.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $239,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $58,930
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Income Needed to Rent

⚠ Stretch
$66k/year
Based on $1548.63/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $66k vs median $58,930
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Denison, TX

Denison, Texas, located in Grayson County, is a charming city positioned on the banks of Lake Texoma and near the border with Oklahoma. With a rich history dating back to the late 19th century, Denison was founded as a key railroad hub and has grown into a vibrant community known for its small-town charm, friendly atmosphere, and historical significance. The city offers a variety of recreational opportunities, particularly around Lake Texoma, where residents and visitors can enjoy fishing, boating, and camping. Denison is home to several parks and outdoor spaces, making it ideal for families and nature enthusiasts. Culturally, Denison boasts a number of historical sites and museums, including the Denison Depot, which highlights the city's railroad heritage. The downtown area features unique shops, local restaurants, and community events that foster a close-knit environment. Denison's educational facilities are served by the Denison Independent School District, offering quality education to its young residents. With its blend of history, recreation, and community spirit, Denison is a delightful place to live and visit in Texas.

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