Quick facts: Gunter, TX

Quick Facts

99.5
Cost of Living
below US average
2,400
Population
4.58
Crime Rate per 1000
below US average
$106,700
Median Income
above US average
$699,888
Median House Price
above US average
$2263.5
Average Rent
above US average
6%
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 $106,700.

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Income Needed to Buy

βœ— Stretch
$220k/year
Based on $699,888 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $220k vs median $106,700
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Income Needed to Rent

βœ“ Affordable
$97k/year
Based on $2263.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($106,700) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gunter, TX

Gunter, Texas, is a quaint small town located in Grayson County, approximately 50 miles north of Dallas. Nestled between the larger cities of Sherman and McKinney, Gunter offers a charming blend of rural tranquility and easy access to urban amenities. Known for its strong sense of community, Gunter has a population of around 1,500 residents as of recent estimates. The town features a picturesque landscape with numerous parks and recreational areas, perfect for family outings and outdoor activities. Gunter is also home to several local businesses, restaurants, and shops that contribute to its small-town feel. Education in Gunter is served by the Gunter Independent School District, where schools are committed to providing quality education and a supportive environment for students. With its friendly atmosphere, Gunter is an attractive option for those seeking a peaceful lifestyle while being within reach of larger metropolitan areas. The town hosts annual events and festivals that bring the community together, making it a vibrant place to live and visit.

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