Quick facts: Germanton, NC

Quick Facts

100.6
Cost of Living
above US average
876
Population
11.42
Crime Rate per 1000
below US average
$72,617
Median Income
below US average
$279,900
Median House Price
above US average
$1603
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 $72,617.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $279,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $72,617
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Income Needed to Rent

βœ“ Affordable
$69k/year
Based on $1603/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($72,617) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Germanton, NC

Germanton is a small, charming town located in Stokes County, North Carolina. Nestled in the picturesque foothills of the Blue Ridge Mountains, Germanton boasts a rich history and a close-knit community atmosphere. The town is primarily residential, offering a peaceful, rural lifestyle with easy access to nature and outdoor activities. While Germanton itself may be small, it is conveniently situated near larger towns such as Winston-Salem and King, providing residents with additional amenities, shopping, and entertainment options. The area is known for its beautiful landscapes, with opportunities for hiking, fishing, and exploring the scenic countryside. The community hosts local events and gatherings, fostering a welcoming environment for newcomers and residents alike. With its mild climate, Germanton experiences a variety of seasons, making it an excellent spot for those who appreciate the beauty of nature year-round. Overall, Germanton is an ideal location for anyone seeking tranquility and a sense of belonging in a small-town setting.

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