Quick facts: Boaz, AL

Quick Facts

93
Cost of Living
below US average
10,292
Population
42.56
Crime Rate per 1000
above US average
$43,276
Median Income
below US average
$249,900
Median House Price
above US average
$1620.0
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
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 $43,276.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $249,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $43,276
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Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1620.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $43,276
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Boaz, AL

Boaz is a charming city located in Etowah and Marshall counties in northern Alabama. Founded in the late 19th century, Boaz has a rich history and a strong sense of community. The city is well-known for its Southern hospitality and small-town atmosphere, making it an inviting place for both residents and visitors. Boaz offers a variety of recreational opportunities, including parks and outdoor activities. The city is situated near Lake Guntersville, one of Alabama's largest lakes, providing ample opportunities for fishing, boating, and hiking. Its proximity to the Appalachian Mountains also makes it ideal for nature enthusiasts. Local attractions include the Boaz Outlet Center, offering a range of shopping options, and the annual Boaz Chicken and Egg Festival, celebrating the city’s agricultural roots. With a strong sense of community pride, Boaz is a great place to experience the culture and traditions of Alabama. Overall, Boaz is a quaint city that embodies the charm of rural Alabama, making it a great destination for those looking to explore the area's rich heritage.

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