Quick facts: Lanett, AL

Quick Facts

93
Cost of Living
below US average
6,759
Population
85.81
Crime Rate per 1000
above US average
$48,125
Median Income
below US average
$165,000
Median House Price
above US average
$1250.0
Average Rent
below US average
Poverty rate Data is updating, will be available soon
3.2%
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 $48,125.

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Income Needed to Buy

βœ— Stretch
$52k/year
Based on $165,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $52k vs median $48,125
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Income Needed to Rent

⚠ Stretch
$54k/year
Based on $1250.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $54k vs median $48,125
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lanett, AL

Lanett is a small city located in Chambers County, Alabama, situated near the Georgia border. Known for its tight-knit community, Lanett has a rich history tied to textile manufacturing, particularly during the early 20th century with the rise of cotton mills. The city has a charming Southern atmosphere, characterized by its historic buildings and friendly residents. Lanett is also recognized for its recreational opportunities, with access to nearby lakes and parks, making it ideal for outdoor enthusiasts. The city is located close to the Chattahoochee River, providing opportunities for fishing, boating, and picnicking. Cultural and community events, such as local festivals, showcase the city's heritage, and the local school district emphasizes education and community involvement. The surrounding area offers additional amenities, including shopping and dining, while still allowing residents to enjoy the peacefulness of a small town. With its historical significance and warm community spirit, Lanett is a pleasant place to live and visit in Alabama.

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