Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 24.5 yrs |
|---|---|
| Avg HH Size | 2.44 |
| Below Poverty | 10.0% ≈ Avg |
| College Grads | 35.8% ▼ 8% below avg |
| Unemployment | 4.2% ▼ 15% below avg |
| No HS Diploma | 3 (1.4%) |
| HS Graduate | 105 (47.5%) |
| Some College | 19 (8.6%) |
| Associates | 15 (6.8%) |
| Bachelors | 22 (10%) |
| Graduate Degree | 57 (25.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $117,515 ▲ 54% above avg |
|---|---|
| Median Home Value | $91,400 ▼ 67% below avg |
| Home/Income Ratio | 0.8x (nat avg ~3.5x) |
| Median Rent | $633/mo |
| Total Housing Units | 275 |
| Vacant Units | 32 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Grandfalls is a city in Texas, located in Ward County. The city spans 1 ZIP code and is home to approximately 593 residents. It is a young city, with a median age of 24.5 years.
Economically, Grandfalls is a upper-middle-income community. The median household income of $117,515 is significantly above the national average. Approximately 10.0% of residents live below the poverty line. The unemployment rate is 4.2%, below the national average.
The real estate market in Grandfalls is one of the more affordable housing markets in the country. Median home values stand at $91,400, which is well below the national average. Renters typically pay around $633 per month. Homeownership is high at 83.1%, typical of suburban and family-oriented communities.
The population of Grandfalls is moderately educated. 35.8% of adults hold a bachelor's degree or higher — near the national average. The community is majority Hispanic (62.06%).
Grandfalls, TX offers residents above-average earning potential within Texas.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 79742 | 593 | $117,515 | $91,400 | $633 | 4.2% | 35.8% | 83.1% |