Quick facts: Branchville, VA

Quick Facts

106
Cost of Living
above US average
117
Population
17.09
Crime Rate per 1000
below US average
$75,795
Median Income
below US average
$19,900
Median House Price
above US average
$1935
Average Rent
above US average
8%
Poverty Rate
below US average
4.3%
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 $75,795.

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Income Needed to Buy

βœ“ Affordable
$6k/year
Based on $19,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($75,795) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1935/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $75,795
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Branchville, VA

Branchville is a quaint and small town located in Southampton County, Virginia. Nestled in the southeastern part of the state, this community embodies a charming, rural atmosphere that is characteristic of Virginia's countryside. With a population of just around 100 residents, Branchville offers a close-knit environment where neighbors know one another and community ties are strong. The town is situated near major highways, making it accessible yet maintaining its peaceful ambiance. Outdoor enthusiasts can enjoy nearby natural attractions, including parks and waterways, ideal for fishing and hiking. The surrounding area features beautiful landscapes typical of Virginia's rolling hills and agricultural lands. Branchville is rich in history and is known for its small-town charm, marked by historical buildings and local businesses that reflect the region's heritage. While it may not have the bustling activity of larger cities, Branchville offers a serene escape for those looking to experience rural Virginian life. Overall, Branchville serves as a lovely example of a small-town community, offering tranquility and a connection to nature while being steeped in Southern tradition.

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