Quick facts: Dadeville, AL

Quick Facts

93
Cost of Living
below US average
3,001
Population
43.99
Crime Rate per 1000
above US average
$46,477
Median Income
below US average
$459,900
Median House Price
above US average
$1850.0
Average Rent
above US average
14%
Poverty Rate
above US average
4.5%
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 $46,477.

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Income Needed to Buy

βœ— Stretch
$144k/year
Based on $459,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $144k vs median $46,477
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Income Needed to Rent

⚠ Stretch
$79k/year
Based on $1850.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $79k vs median $46,477
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dadeville, AL

Dadeville is a charming city located in Tallapoosa County, Alabama. Nestled by the picturesque Lake Martin, Dadeville offers a small-town atmosphere with a population of around 3,200 residents. The city, founded in the early 19th century, boasts a rich history showcased in its well-preserved historic buildings and local museums. Outdoor enthusiasts will appreciate the abundance of recreational activities available, particularly on Lake Martin, which is known for its stunning views, boating, fishing, and swimming opportunities. The surrounding lush landscapes provide ample opportunities for hiking, camping, and enjoying nature. Dadeville also hosts several community events throughout the year, fostering a strong sense of community among residents. The city's quaint downtown area features local shops, restaurants, and cafes, contributing to its welcoming vibe. Education is served by the Dadeville City School System, which focuses on providing quality learning experiences for its students. With its friendly community, natural beauty, and historic charm, Dadeville is a hidden gem in Alabama worth exploring.

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