Cost of Living in Foard County, Texas

$577/mo
Median Monthly Rent
$71,400
Median Home Value
40% below state averageUnaffordable

At a Glance

Median Monthly Rent
$577/mo
40% below state average
Median Home Value
$71,400
75% below national
Rent-to-Income Ratio
28.0%
% 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 Foard County Compares

Median monthly rent comparison

Foard County$577/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$577/mo
Median Gross Rent
$71,400
Median Home Value
$527/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Foard County, Texas

Foard County delivers rock-bottom housing costs

Foard County's rent-to-income ratio of 16.4% sits 5.2 percentage points below the national average, with renters spending less than one-sixth of their income on housing. The $577 median rent ranks among the cheapest in America, making this West Texas county exceptionally accessible.

Below-average housing burden in Texas

Foard County's 16.4% rent-to-income ratio edges below Texas's state average of 18.1%, despite the county's below-median household income of $42,212. This makes Foard an outlier: low incomes paired with genuinely affordable housing.

Cheapest rents among comparable counties

Foard County's $577 median rent ties with Floyd County ($587) as the lowest in the comparison group, beating Fannin County ($994) by 42%. Median home values of $71,400 are the lowest among all counties analyzed, reflecting the region's ultra-rural affordability.

Low costs meet lower incomes

Foard County renters pay $577 monthly from a median household income of just $42,212, consuming 16.4% of earnings, while homeowners spend $527 on homes valued at $71,400. The challenge isn't affordability relative to income—it's that median incomes lag statewide, limiting overall purchasing power.

Foard County for minimal housing burden

If you earn less than the state median but need affordable shelter, Foard County's $577 rents and $71,400 home values provide exceptional value. Compare your current rent-to-income ratio (16.4% is your baseline) against your actual burden to assess whether this remote county makes financial sense for your household.

Affordability Calculator

See how your income compares to housing costs in Foard County

$

Rent Burden

16.4%

of gross income

Max Housing (28% Rule)

$985

per month

Owner Cost Burden

15.0%

of gross income

You can likely afford the median home in Foard County

Median home value is $71,400. Estimated monthly cost: $570 vs. your max of $985.

Rent Affordability Guide

Your rent-to-income ratio16.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Foard County, Texas?
Foard County, Texas has a median monthly rent of $577/mo and a median home value of $71,400. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Foard County?
The median gross rent in Foard County is $577/mo. This is 40% below state average for Texas.
Is Foard County affordable?
Foard County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Foard County's rent compare to the state average?
Foard County's median rent of $577/mo is 40% below state average of $963/mo for Texas.
What is the median home value in Foard County?
The median home value in Foard County, Texas is $71,400. This is 75% 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.