Quick facts: Leander, TX

Quick Facts

105.3
Cost of Living
above US average
74,375
Population
8.81
Crime Rate per 1000
below US average
$129,684
Median Income
above US average
$575,000
Median House Price
above US average
$1970.7
Average Rent
above US average
5%
Poverty Rate
below US average
4.0%
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 $129,684.

🏠

Income Needed to Buy

βœ— Stretch
$180k/year
Based on $575,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $180k vs median $129,684
🏒

Income Needed to Rent

βœ“ Affordable
$84k/year
Based on $1970.7/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($129,684) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Leander, TX

Leander, Texas, is a rapidly growing city located in the central part of the state, approximately 20 miles northwest of Austin. Known for its small-town charm and family-friendly atmosphere, Leander has become an attractive suburb for those looking to escape the hustle and bustle of city life while still enjoying proximity to Austin's cultural and economic opportunities. The city is characterized by its beautiful landscapes, with nearby parks and lakes offering recreational activities such as hiking, fishing, and biking. The Brushy Creek Regional Trail and Leander's own parks, like Devil's Hollow and marble Falls, are popular spots for families and outdoor enthusiasts. Leander's population has seen significant growth in recent years, driven by its excellent school district, affordable housing options, and vibrant community events. The city hosts various festivals and markets throughout the year, fostering a close-knit community spirit. Additionally, Leander is served well by public transportation, including the Capital MetroRail, making it easy for residents to commute to Austin and beyond. As it continues to expand, Leander is becoming increasingly known for its blend of suburban tranquility and access to urban amenities.

πŸ” Search & Compare Places

First Location πŸ“