Quick facts: Grand prairie, TX

Quick Facts

99.5
Cost of Living
below US average
201,843
Population
20.68
Crime Rate per 1000
below US average
$76,626
Median Income
below US average
$285,000
Median House Price
above US average
$1674.21
Average Rent
above US average
14%
Poverty Rate
above US average
4.5%
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 $76,626.

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Income Needed to Buy

βœ— Stretch
$89k/year
Based on $285,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $89k vs median $76,626
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Income Needed to Rent

βœ“ Affordable
$72k/year
Based on $1674.21/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($76,626) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Grand prairie, TX

Grand Prairie, located in the heart of the Dallas-Fort Worth metropolitan area in Texas, is a vibrant city known for its diverse culture and family-friendly attractions. With a population of over 190,000 residents, Grand Prairie boasts a rich history dating back to its founding in the late 19th century. The city's strategic location offers easy access to major highways and the DFW Airport, making it a hub for both residents and businesses. Grand Prairie is home to several attractions, including the popular Lone Star Park, which hosts thoroughbred horse racing, and the Grand Prairie Premium Outlets, offering a variety of shopping options. The city also features beautiful parks, recreational facilities, and the scenic Joe Pool Lake, perfect for outdoor activities such as fishing and boating. Culturally, Grand Prairie hosts numerous events and festivals throughout the year, reflecting its diverse community. The city prioritizes education and safety, offering quality schools and a robust public services system. With its growing economy and numerous amenities, Grand Prairie is an attractive place to live, work, and play in North Texas.

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