Quick facts: Godley, TX

Quick Facts

99.5
Cost of Living
below US average
2,674
Population
11.22
Crime Rate per 1000
below US average
$56,792
Median Income
below US average
$452,990
Median House Price
above US average
$2694.71
Average Rent
above US average
11%
Poverty Rate
above US average
3.2%
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 $56,792.

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Income Needed to Buy

βœ— Stretch
$142k/year
Based on $452,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $142k vs median $56,792
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Income Needed to Rent

⚠ Stretch
$115k/year
Based on $2694.71/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $115k vs median $56,792
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Godley, TX

Godley, Texas, is a small, charming town located in Johnson County, approximately 25 miles southwest of Fort Worth. With a population of around 1,500 residents, Godley offers a tight-knit community atmosphere along with a rural vibe. The town is characterized by its friendly residents and a slower pace of life, making it an ideal spot for families and those seeking a quieter lifestyle. Godley has various amenities including local eateries, parks, and shops that cater to the needs of its residents. The area is known for its outdoor recreational activities, with opportunities for fishing, hiking, and enjoying nature. The nearby Lake Pat Cleburne provides additional options for water-related activities. Education is served by the Godley Independent School District, which offers quality education to the town's youth. Godley’s location also provides convenient access to the larger metropolitan areas of Fort Worth and Dallas, allowing residents to enjoy suburban living while remaining close to urban conveniences and job opportunities. Overall, Godley is a peaceful and inviting place to call home.

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