Quick facts: Boone, NC

Quick Facts

103
Cost of Living
above US average
19,756
Population
14.93
Crime Rate per 1000
below US average
$28,242
Median Income
below US average
$269,500
Median House Price
above US average
$2272.28
Average Rent
above US average
15%
Poverty Rate
above US average
4.2%
Unemployment Rate
above 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 $28,242.

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Income Needed to Buy

βœ— Stretch
$85k/year
Based on $269,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $85k vs median $28,242
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Income Needed to Rent

⚠ Stretch
$97k/year
Based on $2272.28/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $97k vs median $28,242
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Boone, NC

Boone, North Carolina, is a charming town nestled in the Blue Ridge Mountains, renowned for its stunning natural beauty and vibrant local culture. Established as a summer retreat, Boone is home to Appalachian State University, which injects a youthful energy into the town, contributing to a lively arts scene, diverse dining options, and various outdoor activities. The surrounding landscape offers numerous hiking trails, including the iconic Blue Ridge Parkway, where visitors can enjoy breathtaking views and seasonal foliage. Boone is also a hub for winter sports, with nearby ski resorts like App Ski Mountain, drawing snow enthusiasts during the colder months. Downtown Boone features quaint shops, galleries, and eateries, showcasing local crafts and Appalachian cuisine. Events like the annual Boone Heritage Festival celebrate the town's rich history and community spirit. The area is steeped in Appalachian culture, with music, storytelling, and unique traditions woven into the fabric of local life. With its mix of outdoor adventure, cultural attractions, and a welcoming community, Boone is an ideal destination for nature lovers and those looking to experience the charm of the North Carolina high country.

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