Quick facts: Wallisville, TX

Quick Facts

99.5
Cost of Living
below US average
285
Population
35.09
Crime Rate per 1000
above US average
$70,000
Median Income
below US average
$475,000
Median House Price
above US average
$1563
Average Rent
above US average
10%
Poverty Rate
below 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 $70,000.

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Income Needed to Buy

βœ— Stretch
$149k/year
Based on $475,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $149k vs median $70,000
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Income Needed to Rent

βœ“ Affordable
$67k/year
Based on $1563/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($70,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wallisville, TX

Wallisville is a small, rural community located in East Texas, specifically in Chambers County. Nestled along the banks of the Trinity River, it offers a picturesque setting characterized by lush landscapes, cotton fields, and the natural beauty of the surrounding waterways. The area is known for its friendly, close-knit community atmosphere where residents take pride in their heritage and local traditions. One of Wallisville's most notable features is the nearby Wallisville Lake, which provides opportunities for fishing, boating, and enjoying nature. The region is also great for outdoor activities, including hiking and birdwatching, given its diverse wildlife and serene environment. Wallisville is located conveniently near larger cities like Baytown and Beaumont, making it a quiet retreat while still providing access to urban amenities. The community reflects a strong agricultural presence, with a commitment to preserving its rural charm amidst the changing surroundings. Overall, Wallisville serves as an inviting spot for those seeking a slower pace of life in a beautiful, natural setting.

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