Quick facts: Jarratt, VA

Quick Facts

106
Cost of Living
above US average
637
Population
102.04
Crime Rate per 1000
above US average
$66,458
Median Income
below US average
$249,900
Median House Price
above US average
$1935
Average Rent
above US average
13%
Poverty Rate
above US average
5.4%
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 $66,458.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $249,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $66,458
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1935/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $66,458
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Jarratt, VA

Jarratt is a small, unincorporated community located in Dinwiddie County, Virginia. Nestled in the southern part of the state, Jarratt is characterized by its rural charm and tight-knit community atmosphere. The area is surrounded by scenic landscapes, featuring rolling hills, farmland, and woodlands, making it a peaceful place for residents and visitors alike. Historically, Jarratt developed as a railway town in the late 19th century, contributing to its economic growth. Today, it retains a small-town feel, with essential services and local businesses catering to its residents. The community is also in proximity to larger towns, allowing for access to more extensive amenities. Jarratt is located near significant highways, providing convenient connections to nearby cities and attractions. For those interested in outdoor activities, the surrounding countryside offers opportunities for hiking, fishing, and exploring nature. The rich history of the area is reflected in nearby sites and local culture, providing a glimpse into Virginia's past. Overall, Jarratt, VA, embodies the characteristics of a quiet rural community, where residents can enjoy a slower pace of life while still having access to the services and attractions of nearby larger towns.

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