Quick facts: Gainesville, GA

Quick Facts

95.4
Cost of Living
below US average
45,282
Population
32.68
Crime Rate per 1000
above US average
$64,163
Median Income
below US average
$398,990
Median House Price
above US average
$2242.05
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 $64,163.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $398,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $64,163
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Income Needed to Rent

⚠ Stretch
$96k/year
Based on $2242.05/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $96k vs median $64,163
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gainesville, GA

Gainesville, located in Hall County, Georgia, is known as the "Chicken Capital of the World," reflecting its rich history in poultry production. Nestled near the foothills of the Blue Ridge Mountains and bordered by Lake Lanier, the city offers picturesque landscapes and recreational opportunities. With a population of approximately 40,000 residents, Gainesville provides a blend of small-town charm and urban amenities. The city's vibrant downtown area features a mix of historic architecture, local shops, and restaurants, while cultural attractions like the Arts Council and the Gainesville Symphony Orchestra enrich the community's artistic scene. Outdoor enthusiasts can enjoy activities such as boating, fishing, and hiking in nearby parks and natural reserves. Gainesville also has a strong educational presence, including the University of North Georgia's Gainesville campus, which caters to a diverse student body. The city hosts various events throughout the year, celebrating its community spirit, and offers a warm, welcoming atmosphere for residents and visitors alike.

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