Quick facts: Lovelady, TX

Quick Facts

99.5
Cost of Living
below US average
579
Population
43.18
Crime Rate per 1000
above US average
$40,714
Median Income
below US average
$304,900
Median House Price
above US average
$900.0
Average Rent
below US average
15%
Poverty Rate
above US average
3.4%
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 $40,714.

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Income Needed to Buy

βœ— Stretch
$96k/year
Based on $304,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $96k vs median $40,714
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Income Needed to Rent

βœ“ Affordable
$39k/year
Based on $900.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($40,714) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lovelady, TX

Lovelady is a small town located in Houston County in East Texas. With a population of just over 1,000 residents, it embodies the charm of rural Texan life. Founded in the late 1800s, Lovelady features a close-knit community atmosphere with a mix of historical and modern influences. The town is known for its scenic countryside and outdoor recreational opportunities, including nearby lakes and parks that offer fishing, hiking, and wildlife viewing. Lovelady is part of the Lufkin, TX micropolitan area, which allows residents to enjoy the tranquility of rural living while having access to larger city amenities. Downtown Lovelady boasts quaint shops, local eateries, and community events that foster a strong sense of belonging among its residents. The Lovelady Independent School District serves the educational needs of the community, promoting a nurturing environment for students. Overall, Lovelady, TX, is characterized by its friendly community spirit, natural beauty, and a slower pace of life, making it an ideal place for those seeking a peaceful retreat in the heart of East Texas.

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