Quick facts: Midlothian, TX

Quick Facts

99.5
Cost of Living
below US average
38,635
Population
10.95
Crime Rate per 1000
below US average
$119,323
Median Income
above US average
$510,990
Median House Price
above US average
$2472.66
Average Rent
above US average
5%
Poverty Rate
below US average
3.9%
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 $119,323.

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Income Needed to Buy

βœ— Stretch
$160k/year
Based on $510,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $160k vs median $119,323
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Income Needed to Rent

βœ“ Affordable
$106k/year
Based on $2472.66/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($119,323) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Midlothian, TX

Midlothian, Texas, is a vibrant city located in Ellis County, approximately 25 miles southwest of downtown Dallas. Known for its friendly community atmosphere and small-town charm, Midlothian has grown rapidly in recent years, attracting families and new residents due to its excellent schools and recreational opportunities. The city's location along U.S. Highway 67 provides convenient access to neighboring cities like Waxahachie and Arlington, making it an attractive place for commuters. Midlothian offers a variety of parks, including the expansive Midlothian Community Park, which features walking trails, sports fields, and playgrounds, fostering an active lifestyle for its residents. The local economy thrives on a mix of retail, manufacturing, and service-oriented businesses. Midlothian is also known for its historic downtown area, featuring unique shops, restaurants, and community events that enhance its small-town feel. The city has a strong sense of community, with numerous festivals and events held throughout the year, promoting local culture and engagement. Overall, Midlothian is an excellent place to live, work, and play in the Dallas-Fort Worth Metroplex.

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