$2,095 Per Month
- 3 Beds
- 2 Baths
- 1,746 Sq Ft
- House for Rent
417 Hackberry Dr, Rockwall, TX 75087
417 Hackberry Dr, Rockwall, TX 75087
Frequently Asked Questions
How much does it cost to rent a home in Fate, TX?
The median rent for a home in Fate, TX is $2,200 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Fate, TX?
To comfortably afford the median rent in Fate, TX, a household needs to earn roughly $88,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,200 per month in Fate, TX, renters typically need to show $6,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Fate, TX?
In Fate, TX, the price-to-rent ratio is 17.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Fate, TX are best for renting a home?
The best neighborhood for renting in Fate, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Woodcreek, Caruth Lakes, Stone Creek-Rockwall, Hickory Ridge and Glen Hill, each with its own character and price range.
