New Fairview, TX Profile: Facts & Data

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New Fairview, Texas - Basic Facts

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The City of New Fairview had a population of 1,536 as of July 1, 2021. New Fairview ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Texas. See peer rankings below.

The primary coordinate point for New Fairview is located at latitude 33.0992 and longitude -97.4464 in Wise County. The formal boundaries for the City of New Fairview encompass a land area of 15.51 sq. miles and a water area of 0 sq. miles. Wise County is in the Central time zone (GMT -6). The elevation is 938 feet.

The City of New Fairview has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Texas is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of New Fairview is located within Boyd-Rhome Division of Wise County.

Alternate Unofficial Names for New Fairview: Fairview.

Jump to... (On This Page!)
  1. New Fairview 2021 Demographic Data
  2. Growth Rates for New Fairview (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Texas Research Tools (Easy Tools & Current Data)
  3. Texas Data Comparison Tool - 2021 Demographics
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New Fairview, TX Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 1,536 (100%)
Population in Households 1,536 (100.0%)
Population in Families 1,363 (88.7%)
Population in Group Quarters1 0
Population Density 99
Diversity Index2 55
 
 

INCOME

Median Household Income $83,110
Average Household Income $114,868
% of Income for Mortgage4 9%
Per Capita Income $37,805
Wealth Index5 151
 

HOUSING

Total HU (Housing Units) 574 (100%)
Owner Occupied HU 448 (78.0%)
Renter Occupied HU 63 (11.0%)
Vacant Housing Units 63 (11.0%)
Median Home Value $179,286
Average Home Value $241,016
Housing Affordability Index3 293
 

HOUSEHOLDS

Total Households 511
Average Household Size 3.01
Family Households 409
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population 1.8% 1.24%
Households 1.82% 1.22%
Families 1.79% 1.19%
Median Household Income   1.37%
Per Capita Income   1.85%
Owner Occupied HU   1.3%

New Fairview, TX - Peer Comparisons by Rank and Percentile

The table below compares New Fairview to the other 1,746 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 842 52nd
Population Density # 1633 7th
Median Household Income # 232 87th
Housing Affordability Index # 1478 85th
Per Capita Income # 279 84th
Diversity Index # 808 54th

Additional comparisons and rankings can be made with a VERY EASY TO USE Texas Census Data Comparison Tool.

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