Quick facts: Lake waccamaw, NC

Quick Facts

100.6
Cost of Living
above US average
1,273
Population
36.14
Crime Rate per 1000
above US average
$74,297
Median Income
below US average
$334,800
Median House Price
above US average
$3500.0
Average Rent
above US average
10%
Poverty Rate
below US average
4.1%
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 $74,297.

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Income Needed to Buy

βœ— Stretch
$105k/year
Based on $334,800 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $105k vs median $74,297
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Income Needed to Rent

⚠ Stretch
$150k/year
Based on $3500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $150k vs median $74,297
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lake waccamaw, NC

Lake Waccamaw is a small town located in Columbus County, North Carolina. It has a rich history and serves as a scenic retreat for nature enthusiasts. The town centers around Lake Waccamaw, a picturesque, freshwater lake that spans approximately 5,100 acres and is part of the Great Pee Dee River Basin. The lake is known for its unique ecosystem, including the presence of rare species such as the Waccamaw silversides. Outdoor activities are abundant here; residents and visitors can enjoy fishing, boating, and kayaking, alongside leisurely walks or picnics by the water. The surrounding area is also characterized by beautiful landscapes, forests, and wildlife, making it ideal for hiking and birdwatching. Lake Waccamaw State Park, nearby, offers camping facilities and trails that showcase the area's natural beauty. The town has a friendly, close-knit community and celebrates a laid-back lifestyle, making it a perfect getaway for those looking to escape the hustle and bustle of city life. With its charming environment and recreational opportunities, Lake Waccamaw is a hidden gem in North Carolina.

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