Cost of Living in Fannin County, Texas

$994/mo
Median Monthly Rent
$213,500
Median Home Value
3% above state averageUnaffordable

At a Glance

Median Monthly Rent
$994/mo
3% above state average
Median Home Value
$213,500
24% below national
Rent-to-Income Ratio
25.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Fannin County Compares

Median monthly rent comparison

Fannin County$994/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$994/mo
Median Gross Rent
$213,500
Median Home Value
$903/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio17.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Fannin County, Texas?
Fannin County, Texas has a median monthly rent of $994/mo and a median home value of $213,500. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Fannin County?
The median gross rent in Fannin County is $994/mo. This is 3% above state average for Texas.
Is Fannin County affordable?
Fannin County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Fannin County's rent compare to the state average?
Fannin County's median rent of $994/mo is 3% above state average of $963/mo for Texas.
What is the median home value in Fannin County?
The median home value in Fannin County, Texas is $213,500. This is 24% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.