Quick facts: Grindstone, PA

Quick Facts

101.5
Cost of Living
above US average
619
Population
37.16
Crime Rate per 1000
above US average
$42,955
Median Income
below US average
$77,500
Median House Price
above US average
$750.0
Average Rent
below US average
14%
Poverty Rate
above 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 $42,955.

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Income Needed to Buy

βœ“ Affordable
$24k/year
Based on $77,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($42,955) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$32k/year
Based on $750.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($42,955) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Grindstone, PA

Grindstone is a small census-designated place (CDP) located in Fayette County, Pennsylvania, situated in the southwestern part of the state. Nestled near the banks of the Monongahela River, Grindstone is a quiet, residential community that offers a slice of rural life with easy access to nearby urban amenities. The area is characterized by its serene landscapes, including rolling hills and greenery, typical of Pennsylvania's countryside. Grindstone is close to the larger borough of Uniontown, which provides residents with shopping, dining, and recreational opportunities. The region has a rich history, dating back to its coal mining roots, and features several local parks and outdoor activities, including hiking and fishing. The community is primarily residential, making it ideal for families and individuals seeking a peaceful lifestyle. As part of Fayette County, Grindstone also benefits from various local services and educational facilities. Overall, it’s a quaint, close-knit community with a charm reflective of its historical background and natural surroundings.

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