Quick facts: Falfurrias, TX

Quick Facts

99.5
Cost of Living
below US average
4,461
Population
4.93
Crime Rate per 1000
below US average
$31,275
Median Income
below US average
$150,000
Median House Price
above US average
$749.0
Average Rent
below US average
26%
Poverty Rate
above US average
7.5%
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 $31,275.

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Income Needed to Buy

βœ— Stretch
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $47k vs median $31,275
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Income Needed to Rent

⚠ Stretch
$32k/year
Based on $749.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $32k vs median $31,275
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Falfurrias, TX

Falfurrias is a small city located in Brooks County, Texas. Known as the "Heart of the Ranch Country," it has a rich history tied to ranching and agriculture. Established in the early 1900s, Falfurrias serves as a hub for local cattle and sheep ranchers. The city is characterized by its small-town charm, friendly community, and vibrant local culture. The area is primarily rural, with a population of around 4,500 residents. Falfurrias features several local amenities, including parks, shops, and restaurants that reflect the diverse culinary influences of South Texas, particularly Tex-Mex cuisine. The nearby scenic landscapes provide a backdrop for various outdoor activities like hiking and fishing. Falfurrias also hosts several annual events and festivals that celebrate its heritage, including the Falfurrias Chicken and Rice Festival. The city's location offers easy access to larger cities, making it a peaceful retreat while still being connected to urban amenities. Overall, Falfurrias embodies the spirit of Southern Texas with its rich cultural history and sense of community.

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