Cost of Living in Palo Pinto County, Texas

$1,024/mo

Median Monthly Rent

$167,300

Median Home Value

6% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,024/mo

6% above state average

Median Home Value

$167,300

41% below national

Rent-to-Income Ratio

30.0%

% 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 Palo Pinto County Compares

Median monthly rent comparison

Palo Pinto County$1,024/mo

Texas Average$963/mo

National Median$1,163/mo

Detailed Housing Stats

$1,024/mo

Median Gross Rent

$167,300

Median Home Value

$892/mo

Monthly Owner Cost

30.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Palo Pinto County, Texas

Palo Pinto slightly above national average

Palo Pinto County renters spend 18.9% of income on housing, modestly above the national median, yet still manageable. The county's lower median income of $64,972 makes this ratio noteworthy relative to household earnings.

Slightly above Texas affordability norm

Palo Pinto's 18.9% rent-to-income ratio exceeds Texas's 18.1% average by less than 1 percentage point, placing it near the state midline. Median rent of $1,024 is only 6% higher than the Texas median.

Moderate costs for north-central Texas

Palo Pinto's $1,024 rent falls between Parker County's pricey $1,440 and more affordable counties, with a competitive 18.9% burden. It represents a middle ground for renters in the Dallas-Fort Worth exurban region.

Nearly 1/5 of income toward housing

Palo Pinto's median household earns $64,972 but dedicates $12,288 annually to rent—18.9% of gross income. Homeowners spend $892 monthly on ownership costs, roughly 16.5% of income, reflecting modestly better affordability for buyers.

Affordable exurban alternative to Dallas

Palo Pinto offers reasonable housing costs for workers priced out of Dallas-Fort Worth proper, with rent nearly $400 cheaper than Parker County. If you're seeking exurban living with acceptable affordability, this north-central Texas county merits comparison with farther-out options.

Affordability Calculator

See how your income compares to housing costs in Palo Pinto County

Your Annual Household Income

Rent Burden

18.9%

of gross income

Max Housing (28% Rule)

$1,516

per month

Owner Cost Burden

16.5%

of gross income

You can likely afford the median home in Palo Pinto County

Median home value is $167,300. Estimated monthly cost: $1,336 vs. your max of $1,516.

Rent Affordability Guide

Your rent-to-income ratio18.9%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Palo Pinto County, Texas?

Palo Pinto County, Texas has a median monthly rent of $1,024/mo and a median home value of $167,300. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.

What is the median rent in Palo Pinto County?

The median gross rent in Palo Pinto County is $1,024/mo. This is 6% above state average for Texas.

Is Palo Pinto County affordable?

Palo Pinto County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Palo Pinto County's rent compare to the state average?

Palo Pinto County's median rent of $1,024/mo is 6% above state average of $963/mo for Texas.

What is the median home value in Palo Pinto County?

The median home value in Palo Pinto County, Texas is $167,300. This is 41% below the national median home value of $281,900.