Cost of Living in Wise County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Wise County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Wise County ranks #2,734 of 3,142 counties for affordability (bottom 13%)
Sourced county brief
Wise County Median Home Value Reaches $304,900
The median home value in Wise County was estimated at $304,900 during the 2020-2024 ACS period, a figure that is $119,663 above the Texas unweighted county mean of $185,237. Monthly housing costs for owner-occupied units were $1,352, exceeding the unweighted county mean of $877 by $475. For renter households, the median gross rent was $1,299 per month, while the renter median household income was reported at $52,784. The official ACS B25071 gross rent as a percentage of household income (GRAPI) was 26.2%. This canonical rentToIncomePct is 0.7 percentage points below the Texas unweighted county mean of 26.9%. These figures are derived from the U.S. Census Bureau American Community Survey 5-Year Estimates. All owner-related data include both mortgaged and unmortgaged units. For further details on rent-to-income metrics, see ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Wise County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.2% of renter household income in Wise County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,299 per month; median selected monthly owner costs are $1,352. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $51,960 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Texas unweighted mean of county median rents is $995 per month. Wise County's $1,299 median is 30.6% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Wise County
Rent Burden
16.7%
of gross income
Max Housing (28% Rule)
$2,180
per month
Owner Cost Burden
17.4%
of gross income
The median home in Wise County may be a stretch
Median home value is $304,900. Estimated monthly cost: $2,434 vs. your max of $2,180.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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