Quick facts: Italy, TX

Quick Facts

99.5
Cost of Living
below US average
2,041
Population
13.72
Crime Rate per 1000
below US average
$55,650
Median Income
below US average
$309,000
Median House Price
above US average
$1948.0
Average Rent
above US average
12%
Poverty Rate
above US average
4.2%
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 $55,650.

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Income Needed to Buy

βœ— Stretch
$97k/year
Based on $309,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $97k vs median $55,650
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1948.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $55,650
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Italy, TX

Italy is a charming city located in Ellis County, Texas, with a rich history and a close-knit community. Situated approximately 40 miles south of Dallas, it encompasses a mix of small-town charm and accessibility to urban amenities. The town has a population of around 1,800 residents and is known for its friendly atmosphere and strong community spirit. Italy is characterized by its picturesque landscapes, featuring rolling hills and open fields, which provide a serene setting for outdoor activities. The city has a notable downtown area with local shops and eateries that reflect the town's unique character. The local school district offers educational opportunities that emphasize community involvement, and annual events such as the Italy Rodeo celebrate the town’s heritage. Outdoor enthusiasts can enjoy parks and recreational facilities, while those interested in history can explore landmarks that tell the story of Italy's founding in the late 1800s. Italy's combination of community pride, historical roots, and charming Texas hospitality makes it a delightful location for both residents and visitors.

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