Quick facts: Graceville, FL

Quick Facts

107.5
Cost of Living
above US average
2,175
Population
29.43
Crime Rate per 1000
above US average
$36,625
Median Income
below US average
$195,000
Median House Price
above US average
$883.33
Average Rent
below US average
18%
Poverty Rate
above US average
3.2%
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 $36,625.

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Income Needed to Buy

βœ— Stretch
$61k/year
Based on $195,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $61k vs median $36,625
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Income Needed to Rent

⚠ Stretch
$38k/year
Based on $883.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $38k vs median $36,625
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Graceville, FL

Graceville is a small town located in the Florida Panhandle, within Jackson County. With a population of approximately 2,000 residents, it maintains a close-knit community atmosphere. The town is situated near the banks of the picturesque Choctawhatchee River, providing beautiful natural landscapes and opportunities for outdoor activities like fishing and kayaking. Graceville is known for its historical charm, featuring several notable buildings and sites that reflect its rich heritage. The town's economy is primarily based on agriculture, with surrounding areas cultivating cotton, peanuts, and timber. Additionally, Graceville serves as a hub for those commuting to nearby cities like Dothan, Alabama, and Marianna, Florida, which offer more extensive amenities and services. Culturally, the town hosts local events and festivals that celebrate its history and community spirit, fostering connections among residents. Graceville is also home to several churches and schools, emphasizing the importance of education and community service. Overall, Graceville offers a serene and friendly environment ideal for those seeking a quieter lifestyle in a rural setting.

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