Quick facts: Draper, VA

Quick Facts

106
Cost of Living
above US average
441
Population
27.21
Crime Rate per 1000
above US average
$80,865
Median Income
above US average
$175,000
Median House Price
above US average
$1935
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 $80,865.

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Income Needed to Buy

βœ“ Affordable
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($80,865) 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 $80,865
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Draper, VA

Draper is a quaint unincorporated community located in Pulaski County, Virginia. Nestled in the scenic Appalachian region, it offers picturesque views of the surrounding mountains and lush landscapes. Draper is characterized by its small-town charm, with a close-knit community and a rich history that dates back to the early 1800s. The area is primarily residential, with a mix of historic homes and modern developments. Local amenities include various parks and outdoor recreational opportunities, making it ideal for hiking, fishing, and enjoying nature. Draper's proximity to larger towns like Pulaski and Radford provides residents access to additional shopping, dining, and entertainment options. The community's location also allows for a modest commute to nearby cities, combining the tranquility of rural living with the conveniences of urban areas. Draper is known for its friendly atmosphere and fosters a strong sense of community, making it an inviting place for families and individuals alike. Overall, Draper exemplifies a peaceful lifestyle amidst Virginia's beautiful natural landscape.

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