Quick facts: Berryville, VA

Quick Facts

106
Cost of Living
above US average
4,723
Population
6.56
Crime Rate per 1000
below US average
$91,089
Median Income
above US average
$675,000
Median House Price
above US average
$1536.5
Average Rent
above US average
5%
Poverty Rate
below US average
3.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $91,089.

🏠

Income Needed to Buy

βœ— Stretch
$212k/year
Based on $675,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $212k vs median $91,089
🏒

Income Needed to Rent

βœ“ Affordable
$66k/year
Based on $1536.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($91,089) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Berryville, VA

Berryville, Virginia, is a charming small town located in Clarke County, nestled in the picturesque Shenandoah Valley. With a population of around 4,000 residents, it offers a tight-knit community atmosphere, rich with history and natural beauty. The town is characterized by its historic buildings, including the 1836 Berryville Courthouse, which is a focal point of the downtown area. The surrounding landscape features lush scenery and the nearby Blue Ridge Mountains, making it an attractive spot for outdoor activities such as hiking, biking, and bird watching. Berryville also lends itself to agricultural pursuits, with local farms producing fresh produce and artisanal goods. Cultural events are central to the community life, with farmers' markets and seasonal festivals enhancing the local culture. The town is conveniently located near major highways, providing easy access to larger cities like Winchester and Washington, D.C., while still maintaining its serene small-town charm. Berryville is perfect for those seeking a tranquil lifestyle with a rich sense of heritage.

πŸ” Search & Compare Places

First Location πŸ“