Fannett, TX
Population 1,698 · Texas
About Fannett, TX
Fannett is a small town located in Texas with a population of 1,698 residents according to the latest US Census Bureau American Community Survey data. The median household income is $92,731 per year, which is 23% above the national median of $75,149. The median age of 46 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Fannett features a median home value of $232,500, which is 5% below the national median of $244,900. This positions Fannett in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 818 total housing units, 89% are owner-occupied (536 units) and 11% are renter-occupied (69 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fannett shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 14.5%, above the national average of 12.4%. Workers in Fannett have an average one-way commute time of 28.9 minutes.
Education & Demographics
13.2% of Fannett residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 13.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 4.1% Asian residents, with 17.1% of the population being foreign-born.
Cost of Living in Fannett, TX
Compared to national averages, Fannett has a median household income of $92,731 (23% above the national median of $75,149). Home values average $232,500, which is 5% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Texas, Fannett's income is 28% above the state average of $72,726, and home values are 10% above the state median of $211,769.
Why Live in Fannett, TX?
Fannett offers a strong local economy with a median household income of $92,731, well above the national average, and affordable housing with a median home value of $232,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Fannett has a population of 1,698 with a median age of 46 years. Compare Fannett with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Fannett
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| De Kalb | 1,702 | $45,577 | $99,900 | Compare |
| Rockwell Place | 1,694 | $57,396 | $97,600 | Compare |
| Cienegas Terrace | 1,703 | $42,382 | $97,600 | Compare |
| Hale Center | 1,705 | $49,083 | $85,300 | Compare |
| Baird | 1,687 | $52,222 | $74,600 | Compare |
| Crosbyton | 1,718 | $39,000 | $58,900 | Compare |
| Grapeland | 1,720 | $36,918 | $154,000 | Compare |
| Hughes Springs | 1,676 | $50,924 | $138,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Fannett With Other Cities
Frequently Asked Questions about Fannett
What is the population of Fannett, TX?
The population of Fannett, TX is 1,698 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Fannett?
The median household income in Fannett, TX is $92,731 per year, which is 23% above the national median of $75,149.
What is the median home value in Fannett?
The median home value in Fannett, TX is $232,500, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fannett?
The median monthly rent in Fannett, TX is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Fannett?
The unemployment rate in Fannett, TX is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fannett, TX a good place to live?
Fannett offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,698 and a median age of 46, the city appeals to established professionals and retirees.
How educated is Fannett, TX?
13.2% of residents in Fannett aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fannett?
Key cost-of-living indicators for Fannett, TX: median home value is $232,500 (5% below national), median rent is $0/month, and median household income is $92,731. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fannett?
The poverty rate in Fannett, TX is 14.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Fannett, TX?
Fannett's population is 13.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 4.1% Asian, and 3.9% two or more races. 17.1% of residents are foreign-born.