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City Report · TX

Fate

Pop. 22,884·43rd most expensive in Texas·Rental market data updated monthly for Fate, TX
Median rent (all units)
$2,020/mo
Year-over-Year
+0.3%
Month-over-Month
-5.9%
vs US Median
+$58
Falling (Monthly)
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Most AffordableMost Expensive
Fate · $2,020
More expensive than 60% of US cities · National median $1,962/mo
Affordability
18% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,020/mo, rent takes about 18% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$81,000/yr
Local median income
$132,752/yr
Based on the 30%-of-income rule using Fate's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

3 BR
$1,897
4 BR+
$2,327

Bedroom figures are derived from HUD Fair Market Rents and scaled to match Fate's market median, because the published HUD values all ran above it. They are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$24,240/yr
At $2,020/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.3% YoY, -5.9% MoM), not inventory.
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Demographics

Who lives here

Fate, TX is majority owner-occupied, has a large share of families with children, has a median income above the national average, 42.3% of residents hold a bachelor's degree or higher.

Population
22,884
Median income
$132,752
Median age
31.6
Renters
8.5%
Age distribution
33.6%
21.1%
30%
Under 1833.6%
18–3421.1%
35–5430%
55–648.8%
65+6.6%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
54.8%
32%
White54.8%
Black11.5%
Hispanic32%
Asian3.1%
Education (25+)
17.9%
31.9%
42.3%
No HS diploma7.9%
HS diploma17.9%
Some college31.9%
Bachelor's+42.3%
Housing tenure
91.5%
Owner91.5%
Renter8.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Fate, TX has changed in 5 years

Rent
$2,038 → $2,020
down 0.9%
Income
$114,280 → $132,752
up 16.2%
Population
17,403 → 22,884
up 31.5%
Renter share
8.3% → 8.5%
+0.2 pts
Bachelor's+
46.9% → 42.3%
-4.6 pts
Median age
34.2 → 31.6
-2.6 yrs

Compared with 2023, rent in Fate, TX has declined by $18 per month, settling near $2,020 after starting the period at $2,038. On the earnings side, the typical household in Fate, TX now reports about $132,752, up from $114,280 in 2021. Income growth outran rent by about 17.1 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 17,403 to 22,884 between 2021 and 2024, a 31.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 46.9% to 42.3%. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Fate, TX reflects that arc in its own way.

Community

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View Fate rent history (2015–2026) →
Salary vs rent

Can you afford rent in Fate on your salary?

At $2,020/mo, how Fate rent compares to typical pay (30% rule).

By apartment size

Fate rent by bedroom count

Median rent for each apartment size in Fate. Click any size for full breakdown.

Local insights

Tips for renters in Fate

About renting in Fate, TX

Last updated: August 17, 2026

The median rent in Fate is $2,020/mo as of August 2026. and 3-bedroom units go for $1,897/mo.

At 18% of local median household income ($132,752/yr), Fate ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

Is Fate an affordable city for renters?

Fate is considered very affordable for renters. At $2,020/mo, rent takes approximately 18% of the local median household income ($132,752/yr). The standard benchmark is 30%. Fate falls comfortably within that range.

How much income do you need to rent in Fate?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,020/mo in Fate. The local median household income is $132,752/yr, meaning the typical Fate household meets that threshold.

Is rent going up or down in Fate?

Rent in Fate has been relatively stable over the past year, with a 0.3% change year over year as of August 2026.

How does Fate rent compare to other cities in Texas?

Fate is one of the pricier cities in Texas for rent, ranking #43 out of 267 tracked cities at $2,020/mo.

Which nearby cities are cheaper to rent in than Fate?

Several nearby cities have lower median rents than Fate ($2,020/mo): Rowlett ($1,561/mo), Rockwall ($1,747/mo), Wylie ($1,879/mo).

What percentage of Fate residents rent vs. own?

According to Census data, approximately 8.5% of Fate households are renters, while 91.5% are owner-occupied. Fate leans toward homeownership, which can mean a smaller rental inventory.

How does Fate rent compare to the national average?

Fate's median rent of $2,020/mo is $58 (3%) above the US national median of $1,962/mo. Within Texas, it ranks #43 out of 267 tracked cities.
Income Affordability
18%
VERY AFFORDABLE

At $2,020/mo, rent takes ~18% of Fate's median household income ($132,752/yr). The standard benchmark is 30%.

Fate 18%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fate, TX

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