Quick facts: Denton, NC

Quick Facts

100.6
Cost of Living
above US average
1,535
Population
13.03
Crime Rate per 1000
below US average
$44,539
Median Income
below US average
$99,000
Median House Price
above US average
$2400.0
Average Rent
above US average
13%
Poverty Rate
above 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 $44,539.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $99,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($44,539) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$103k/year
Based on $2400.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $103k vs median $44,539
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Denton, NC

Denton, North Carolina, is a small town located in Davidson County, known for its picturesque rural landscapes and a strong sense of community. The town is situated approximately 50 miles northwest of Charlotte and serves as a peaceful retreat from the hustle and bustle of larger urban areas. With a population of just over 1,600 residents, Denton offers a close-knit, friendly environment. The town is famous for its annual "Denton FarmPark" event, which celebrates the region's agricultural heritage and showcases various historical farm equipment. Denton's local economy is primarily supported by small businesses, agriculture, and some light manufacturing. Recreational opportunities abound in the area, with nearby lakes and parks offering fishing, hiking, and other outdoor activities. Denton is also known for its charming downtown area, featuring local shops, eateries, and community events that foster a vibrant small-town atmosphere. With its rich history, family-friendly environment, and access to outdoor activities, Denton, NC, is a delightful place for those seeking a slower pace of life while remaining conveniently located near larger cities.

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