Quick facts: Sugar land, TX

Quick Facts

105.6
Cost of Living
above US average
109,414
Population
16.84
Crime Rate per 1000
below US average
$132,247
Median Income
above US average
$508,000
Median House Price
above US average
$2440.36
Average Rent
above US average
6%
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 $132,247.

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Income Needed to Buy

βœ— Stretch
$159k/year
Based on $508,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $159k vs median $132,247
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Income Needed to Rent

βœ“ Affordable
$105k/year
Based on $2440.36/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($132,247) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sugar land, TX

Sugar Land is a vibrant city located in Fort Bend County, Texas, just southwest of Houston. Known for its rich history, the area was originally a sugar plantation and has since transformed into one of the most affluent suburbs in the Houston metropolitan area. As of the latest data, the city boasts a population of over 118,000 residents who enjoy a high quality of life characterized by excellent schools, safe neighborhoods, and extensive recreational facilities. The city is renowned for its master-planned communities, parks, and family-friendly environment. Sugar Land Town Square is a popular hub featuring shopping, dining, and entertainment options. The city also hosts several annual events, including the Sugar Land Art and Wine Festival and the Fourth of July Celebration. For outdoor enthusiasts, Sugar Land offers numerous parks and trails, including the scenic Brazos River Park, which provides opportunities for hiking, picnicking, and kayaking. In addition, the city is home to several golf courses and sports complexes. With easy access to major highways and proximity to Houston, Sugar Land is an attractive destination for families and professionals seeking a suburban lifestyle coupled with urban amenities.

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