Quick facts: Frederiksted, VI

Quick Facts

Data is updating, will be available soon
10,314
Population
46.54
Crime Rate per 1000
above US average
$55,000
Median Income
below US average
$120,000
Median House Price
above US average
$2310.0
Average Rent
above US average
19%
Poverty Rate
above US average
10.5%
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 $55,000.

🏠

Income Needed to Buy

βœ“ Affordable
$38k/year
Based on $120,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,000) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$99k/year
Based on $2310.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $99k vs median $55,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Frederiksted, VI

Frederiksted is a historic town located on the west coast of St. Croix in the U.S. Virgin Islands. Known for its vibrant culture and rich history, it was founded in the 18th century and served as a key port for sugar plantations. Characterized by its beautiful waterfront and charming streets lined with pastel-colored buildings, Frederiksted offers a picturesque setting for both locals and tourists. The town is home to Fort Frederik, a well-preserved fortress built in the 1700s, which now serves as a museum showcasing the island's history. Visitors often enjoy the stunning beaches, such as Frederiksted Beach, which is perfect for swimming, snorkeling, and sunbathing. The local dining scene boasts a mix of Caribbean flavors and seafood, reflecting the island's cultural diversity. Frederiksted also hosts various events throughout the year, including the annual Frederiksted Festival, which celebrates local music, food, and arts. With its laid-back atmosphere, rich heritage, and natural beauty, Frederiksted is a unique destination that captures the essence of island life.

πŸ” Search & Compare Places

First Location πŸ“