Quick facts: Tahoka, TX

Quick Facts

99.5
Cost of Living
below US average
2,413
Population
15.33
Crime Rate per 1000
below US average
$41,282
Median Income
below US average
$159,000
Median House Price
above US average
$950.0
Average Rent
below US average
15%
Poverty Rate
above US average
4.1%
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 $41,282.

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Income Needed to Buy

βœ— Stretch
$50k/year
Based on $159,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $50k vs median $41,282
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Income Needed to Rent

βœ“ Affordable
$41k/year
Based on $950.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($41,282) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tahoka, TX

Tahoka is a small town located in Lynn County, Texas, with a population of around 2,800 residents. It is situated in the northwestern part of the state, approximately 30 miles southwest of Lubbock. The town is known for its agricultural roots, with cotton farming playing a significant role in the local economy. The area offers a tight-knit community atmosphere, where residents often partake in local events and activities. Tahoka features several parks and recreational opportunities, making it a pleasant spot for outdoor enthusiasts. The town center includes various businesses, eateries, and essential services for residents. Key annual events like the Tahoka Rodeo draw visitors from surrounding areas, celebrating the town's western heritage. Nearby, you'll find attractions that highlight the natural beauty of the region, including the Caprock Canyons State Park, which offers stunning landscapes and outdoor adventures. Overall, Tahoka presents a quintessential small-town experience in the heart of Texas, combining rural charm with community spirit.

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