Quick facts: Junction, TX

Quick Facts

99.5
Cost of Living
below US average
2,519
Population
2.78
Crime Rate per 1000
below US average
$55,110
Median Income
below US average
$499,000
Median House Price
above US average
$612.0
Average Rent
below US average
12%
Poverty Rate
above 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 $55,110.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $55,110
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Income Needed to Rent

βœ“ Affordable
$26k/year
Based on $612.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($55,110) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Junction, TX

Junction, Texas, is a small yet charming city located in Kimble County in the central part of the state. With a population of around 2,500 residents, it offers a close-knit community and a serene atmosphere. Nestled at the confluence of the North and South Llano Rivers, Junction is known for its beautiful outdoor scenery and recreational opportunities such as fishing, kayaking, and hiking. The city serves as a gateway to the picturesque Hill Country region and is a popular stop for travelers heading to larger destinations. Junction boasts rich history, with attractions like the Kimble County Historical Museum that showcases the region’s past. The local economy is primarily driven by agriculture, tourism, and small businesses. Junction also hosts events throughout the year, including the annual Junction Rodeo, which attracts visitors from nearby areas. With its unique blend of natural beauty, small-town charm, and friendly community vibe, Junction, TX, is a hidden gem that appeals to outdoor enthusiasts and those looking to experience the beauty of Texas Hill Country.

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