Quick facts: Ivor, VA

Quick Facts

106
Cost of Living
above US average
310
Population
48.39
Crime Rate per 1000
above US average
$57,857
Median Income
below US average
$150,000
Median House Price
above US average
$1935
Average Rent
above US average
10%
Poverty Rate
below 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 $57,857.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($57,857) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1935/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $57,857
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ivor, VA

Ivor is a small, unincorporated community located in Southampton County, Virginia. Nestled in the rural heart of the state, it offers a serene atmosphere characterized by its picturesque landscapes and close-knit community. The area is predominantly agricultural, with sprawling fields and farms that reflect Virginia's rich farming heritage. Ivor is conveniently located near larger towns such as Franklin and Suffolk, providing residents with access to more extensive amenities while maintaining a quiet lifestyle. The community hosts local events that bring neighbors together, fostering a strong sense of community among residents. Outdoor enthusiasts can explore nearby parks and enjoy activities like hiking, fishing, and wildlife spotting. The historical significance of the region adds cultural richness, with local sites that speak to Virginia's past, including colonial history and African American heritage. Overall, Ivor represents a peaceful, rural lifestyle, perfect for those seeking tranquility and a tight-knit community tie while still enjoying proximity to urban conveniences.

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