Quick facts: Wharton, TX

Quick Facts

99.5
Cost of Living
below US average
41,824
Population
Crime rate Data is updating, will be available soon
$59,712
Median Income
below US average
$204,900
Median House Price
above US average
$1428.8
Average Rent
above US average
Poverty rate Data is updating, will be available soon
4.3%
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 $59,712.

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Income Needed to Buy

βœ— Stretch
$64k/year
Based on $204,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $64k vs median $59,712
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Income Needed to Rent

⚠ Stretch
$61k/year
Based on $1428.8/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $61k vs median $59,712
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wharton, TX

Wharton, Texas, is a quaint city located in Wharton County, about 50 miles southwest of Houston. With a rich history dating back to the 1800s, Wharton is known for its agricultural roots and friendly community atmosphere. The town's population, approximately 8,700, enjoys a blend of small-town charm and convenient access to larger cities. The city offers a variety of cultural and recreational activities, including the Wharton County Courthouse, a stunning example of early 20th-century architecture. Outdoor enthusiasts can explore nearby parks, such as the scenic Colorado River, which provides opportunities for fishing and boating. Wharton hosts several annual events, reflecting its vibrant community spirit, including the Wharton County Fair, drawing visitors from surrounding areas. The local economy benefits from agriculture, education, and light manufacturing, contributing to the city's stability. With its warm climate, strong sense of community, and historical significance, Wharton is an inviting place to live, work, or visit.

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