Quick facts: Lamesa, TX

Quick Facts

99.5
Cost of Living
below US average
8,425
Population
30.15
Crime Rate per 1000
above US average
$39,434
Median Income
below US average
$175,000
Median House Price
above US average
$1312.5
Average Rent
below US average
18%
Poverty Rate
above US average
5.1%
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 $39,434.

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Income Needed to Buy

βœ— Stretch
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $39,434
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1312.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $39,434
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lamesa, TX

Lamesa is a charming city located in Dawson County, Texas. Situated in the western part of the state, it serves as a regional hub for agriculture and serves as a friendly community for its residents. With a population of around 9,000, Lamesa boasts a small-town atmosphere while offering various amenities and services. The economy is largely driven by agriculture, particularly cotton farming, though local businesses and retail also contribute to the economy. The city is known for its welcoming spirit, local festivals, and community events that foster a strong sense of belonging among residents. Outdoor enthusiasts can enjoy the parks and open spaces available for recreation. Lamesa is also home to the Lamesa Municipal Airport, providing access for general aviation. Culturally, Lamesa features several historic sites, museums, and art exhibits that reflect its rich history. Additionally, it is conveniently located near larger cities, allowing residents to enjoy a quieter lifestyle while still having access to bigger city amenities when needed. Overall, Lamesa offers a unique blend of rural charm and community spirit in the heart of Texas.

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