Quick facts: Grapevine, TX

Quick Facts

105.7
Cost of Living
above US average
51,226
Population
30.69
Crime Rate per 1000
above US average
$107,165
Median Income
above US average
$625,000
Median House Price
above US average
$2102.71
Average Rent
above US average
8%
Poverty Rate
below US average
3.5%
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 $107,165.

🏠

Income Needed to Buy

βœ— Stretch
$196k/year
Based on $625,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $196k vs median $107,165
🏒

Income Needed to Rent

βœ“ Affordable
$90k/year
Based on $2102.71/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($107,165) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Grapevine, TX

Grapevine, Texas, is a vibrant city located in the Dallas-Fort Worth Metroplex. Known for its charming historic downtown area, Grapevine is rich in culture and community. The city is situated near Grapevine Lake, which offers numerous outdoor activities such as boating, fishing, and hiking along its scenic trails. One of Grapevine's standout attractions is the Grapevine Vintage Railroad, which provides a delightful experience of riding restored trains from the 1920s. The city is also famous for its wineries, with several vineyards offering tours and tastings, celebrating Texas's growing wine industry. Grapevine's annual events, including the Main Street Fest and the Grapevine Christmas Capital of Texas celebration, draw visitors from across the region, showcasing the city’s festive spirit. The city is well-integrated into the local arts scene, with several galleries, theaters, and live music venues. For shopping enthusiasts, Grapevine Mills mall offers a plethora of retail options, from outlet stores to specialty shops. With its blend of history, recreation, and vibrant community life, Grapevine is a delightful place to live or visit.

πŸ” Search & Compare Places

First Location πŸ“