Quick facts: Mount enterprise, TX

Quick Facts

99.5
Cost of Living
below US average
507
Population
3.94
Crime Rate per 1000
below US average
$55,156
Median Income
below US average
$275,000
Median House Price
above US average
$1563
Average Rent
above US average
15%
Poverty Rate
above US average
7.2%
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 $55,156.

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Income Needed to Buy

βœ— Stretch
$86k/year
Based on $275,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $86k vs median $55,156
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Income Needed to Rent

⚠ Stretch
$67k/year
Based on $1563/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $67k vs median $55,156
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mount enterprise, TX

Mount Enterprise is a small town located in Rusk County, Texas. Nestled in the heart of East Texas, it boasts a close-knit community and a rural atmosphere. The town is surrounded by picturesque piney woods and offers various outdoor activities, making it ideal for nature enthusiasts. Mount Enterprise has a rich history, with roots dating back to the late 19th century when it served as a small trading post. The area is mainly residential, with local businesses that cater to the daily needs of its residents. Mount Enterprise is known for its friendly atmosphere, making it easy for newcomers to feel at home. The town hosts local events and gatherings that strengthen community bonds. Education is provided by the Mount Enterprise Independent School District, which offers a range of programs for students. The proximity to larger cities, like Nacogdoches and Longview, provides residents with access to additional amenities, shopping, and entertainment. Overall, Mount Enterprise is a serene retreat, ideal for those seeking a slower pace of life in a welcoming environment.

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