Quick facts: Simms, TX

Quick Facts

99.5
Cost of Living
below US average
160
Population
50.0
Crime Rate per 1000
above US average
$51,000
Median Income
below US average
$204,050
Median House Price
above US average
$1563
Average Rent
above US average
15%
Poverty Rate
above US average
5.0%
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 $51,000.

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Income Needed to Buy

βœ— Stretch
$64k/year
Based on $204,050 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $64k vs median $51,000
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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 $51,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Simms, TX

Simms is a small town located in the northeastern part of Texas, within Bowie County. With a small population, it embodies the charm of a close-knit community, offering a quiet lifestyle surrounded by the natural beauty of the region. Simms is approximately 20 miles from the larger city of Texarkana, which provides residents with access to more extensive amenities and services. The town is characterized by its rural atmosphere, with local farms and open spaces contributing to its scenic landscape. Outdoor activities such as hiking, fishing, and hunting are popular due to the proximity of nearby lakes and parks. The community hosts various events that reflect its rich culture and traditions. Education in Simms is primarily served by the Prairiland Independent School District, which offers educational opportunities for local children. The area also has a strong sense of community involvement, with residents actively participating in civic activities and local gatherings. Overall, Simms, TX, is ideal for those seeking a peaceful rural lifestyle while being close to larger urban centers.

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