Quick facts: Hillsville, VA

Quick Facts

106
Cost of Living
above US average
2,860
Population
16.43
Crime Rate per 1000
below US average
$61,380
Median Income
below US average
$137,000
Median House Price
above US average
$975.0
Average Rent
below US average
12%
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 $61,380.

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Income Needed to Buy

βœ“ Affordable
$43k/year
Based on $137,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($61,380) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$42k/year
Based on $975.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($61,380) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hillsville, VA

Hillsville is a charming town located in Carroll County, Virginia, nestled in the beautiful Blue Ridge Mountains. Known for its picturesque landscapes and friendly atmosphere, Hillsville has a rich history, with many sites reflecting its heritage. The town is particularly renowned for the annual Hillsville Flea Market and Gun Show, which attracts thousands of visitors each Labor Day weekend, making it one of the largest events of its kind in the region. The local economy is supported by small businesses and services, with a strong emphasis on agriculture and tourism. Outdoor enthusiasts will find ample recreational opportunities nearby, including hiking, fishing, and exploring the scenic New River. The Blue Ridge Parkway, known for its stunning views and vibrant fall foliage, is just a short drive away. Hillsville also features several parks, community events, and local eateries that showcase the warmth and culture of southwestern Virginia. With a close-knit community and easy access to nature, Hillsville offers a peaceful retreat for residents and visitors alike.

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