Cost of Living in Fannin County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Fannin County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Fannin County ranks #1,982 of 3,144 counties for affordability (bottom 37%)
Data Story
About Cost of Living in Fannin County, Texas
Fannin County slightly above national affordability
Fannin County's rent-to-income ratio of 17.4% sits 3.2 percentage points above the national average, indicating moderate housing pressure on renters. However, median household income of $68,377 exceeds the national median of $74,755, partially offsetting higher rent burdens.
Mid-range affordability among Texas counties
Fannin County's 17.4% rent-to-income ratio falls just below Texas's state average of 18.1%, positioning it as relatively affordable within the state. This places the county in the middle tier for housing affordability across all Texas counties.
Pricier rents than rural county peers
Fannin County's $994 median rent exceeds Falls County ($747) by 33% but trails Fayette County ($909) by just 9%. Median home values at $213,500 sit between Fisher County ($77,600) and Fayette County ($271,100), reflecting its position as a moderate-growth region.
Higher rents strain moderate incomes
Fannin County renters pay $994 monthly from a median income of $68,377, consuming 17.4% of household earnings, while homeowners spend $903 monthly on properties valued at $213,500. The rent burden leaves limited discretionary income compared to lower-cost neighboring counties.
Fannin offers balanced growth and access
Relocators seeking a middle-ground between rural affordability and suburban amenities should evaluate Fannin County's $994 rents against comparable options. Your current housing cost as a percentage of income will reveal whether the move pencils out financially.
Cost of Living Advisory: Fannin County
Affordability Verdict
Fannin County offers affordable rental housing at a median of $994/month — about 17.4% of the typical household income here.
Rent vs. Own
At $994/month rent versus $903/month in owner costs, owning is roughly $91/month cheaper — a 9% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $39,760/year. For owner costs at the 28% rule, the required income is roughly $38,700/year. With a median household income of $68,377, most households can comfortably afford rent here. Notably, 25.0% of renter households in Fannin County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Texas, Fannin County is less affordable than El Paso County by roughly 5% ($994/mo vs $1,045/mo).
Affordability Calculator
See how your income compares to housing costs in Fannin County
Rent Burden
17.4%
of gross income
Max Housing (28% Rule)
$1,595
per month
Owner Cost Burden
15.8%
of gross income
The median home in Fannin County may be a stretch
Median home value is $213,500. Estimated monthly cost: $1,704 vs. your max of $1,595.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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