Quick facts: Gordo, AL

Quick Facts

93
Cost of Living
below US average
1,584
Population
17.68
Crime Rate per 1000
below US average
$54,688
Median Income
below US average
$89,000
Median House Price
above US average
$1372
Average Rent
below US average
15%
Poverty Rate
above US average
3.8%
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 $54,688.

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Income Needed to Buy

βœ“ Affordable
$28k/year
Based on $89,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($54,688) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$59k/year
Based on $1372/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $59k vs median $54,688
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gordo, AL

Gordo is a small city located in Pickens County, Alabama, with a population of around 1,500 residents. Nestled in the picturesque landscape of the Black Belt region, it offers a tranquil, small-town atmosphere characterized by friendly people and a close-knit community. Historically, Gordo was a hub for agriculture and is surrounded by fertile land, making it ideal for farming. The city features a charming downtown area with local shops and cafes, providing residents and visitors with a taste of local culture and Southern hospitality. Outdoor enthusiasts can enjoy activities like fishing, hiking, and exploring the natural beauty of nearby parks and lakes. Gordo is also conveniently located near larger cities like Tuscaloosa, making it possible to access urban amenities while maintaining a peaceful lifestyle. Education is served primarily by the Gordo School System, which includes options for both elementary and high school students. With its rich history, warm community spirit, and proximity to nature, Gordo is a hidden gem in Alabama.

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