Quick facts: Groveton, TX

Quick Facts

99.5
Cost of Living
below US average
922
Population
17.35
Crime Rate per 1000
below US average
$38,333
Median Income
below US average
$350,000
Median House Price
above US average
$653.0
Average Rent
below US average
18%
Poverty Rate
above US average
5.2%
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 $38,333.

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Income Needed to Buy

βœ— Stretch
$110k/year
Based on $350,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $110k vs median $38,333
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Income Needed to Rent

βœ“ Affordable
$28k/year
Based on $653.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($38,333) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Groveton, TX

Groveton is a small city located in Trinity County, Texas. It serves as the county seat and is situated approximately 35 miles northeast of Huntsville. The town has a rich history, originally established as a logging community in the late 19th century. Groveton offers a quaint, small-town atmosphere, making it a peaceful place to live or visit. The area is surrounded by lush pine forests, offering numerous outdoor activities such as hiking, fishing, and hunting. The nearby Trinity River provides additional recreational opportunities for residents and visitors alike. Groveton is also known for its historic buildings and community events, which reflect its tight-knit culture. With a population of around 1,000 residents, Groveton showcases friendly local businesses, including eateries and shops that cater to both community members and visitors. The city has a small school district, providing education for its youth. Overall, Groveton embodies charm and tranquility, perfect for those seeking a slower pace of life while still being connected to nature.

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