Quick facts: Trinidad, TX

Quick Facts

99.5
Cost of Living
below US average
856
Population
35.05
Crime Rate per 1000
above US average
$32,143
Median Income
below US average
$159,000
Median House Price
above US average
$2409.75
Average Rent
above US average
15%
Poverty Rate
above US average
4.5%
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 $32,143.

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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 $32,143
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Income Needed to Rent

⚠ Stretch
$103k/year
Based on $2409.75/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $103k vs median $32,143
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Trinidad, TX

Trinidad, Texas, is a small town located in Henderson County, situated at the eastern end of Lake Palestine. Known for its quaint, rural charm, Trinidad is home to a close-knit community that values its peaceful environment and natural beauty. The town has a rich history tied to the surrounding area, which includes outdoor recreational activities such as fishing, boating, and hiking in nearby parks. With a population of just under 1,000 residents, Trinidad offers a quiet lifestyle away from the busyness of larger cities. The local economy primarily revolves around small businesses, agriculture, and tourism related to the lake. Trinidad hosts several community events throughout the year, fostering a sense of belonging among its residents. Access to nearby larger cities like Athens and Corsicana provides residents with additional amenities, while still allowing them to enjoy the calm of small-town life. Trinidad’s scenic setting, combined with its friendly atmosphere, makes it an attractive place for those seeking a slower pace and a tight-knit community.

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