Quick facts: Dryden, VA

Quick Facts

106
Cost of Living
above US average
684
Population
7.31
Crime Rate per 1000
below US average
$52,054
Median Income
below US average
$150,000
Median House Price
above US average
$1935
Average Rent
above US average
10%
Poverty Rate
below 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 $52,054.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($52,054) 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 $52,054
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dryden, VA

Dryden is a quaint unincorporated community located in Scott County, Virginia. Nestled in the Appalachian region, it is characterized by its picturesque landscapes and rich cultural heritage. The area is known for its close-knit community atmosphere, where residents often come together for local events and celebrations. The town is surrounded by beautiful nature, providing ample opportunities for outdoor activities such as hiking, fishing, and camping. The nearby Clinch River is a popular spot for those who enjoy water-related activities. Dryden’s history is tied to the coal mining industry, and remnants of this heritage can still be seen in the area. Though Dryden is small, it offers essential amenities and services, including local shops and eateries, catering to both residents and visitors alike. The nearby larger towns provide additional shopping and entertainment options. Its location in southwestern Virginia makes it a suitable base for exploring the scenic Appalachian Mountains. Overall, Dryden is a peaceful retreat for those looking to escape the hustle and bustle of urban living, with a strong sense of community and connection to nature.

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