Quick facts: Laurel hill, NC

Quick Facts

100.6
Cost of Living
above US average
869
Population
1.15
Crime Rate per 1000
below US average
$23,086
Median Income
below US average
$99,900
Median House Price
above US average
$1200.0
Average Rent
below US average
20%
Poverty Rate
above US average
5.2%
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 $23,086.

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Income Needed to Buy

βœ— Stretch
$31k/year
Based on $99,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $31k vs median $23,086
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Income Needed to Rent

⚠ Stretch
$51k/year
Based on $1200.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $51k vs median $23,086
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Laurel hill, NC

Laurel Hill is a small town located in Scotland County, North Carolina. Known for its picturesque scenery and rural charm, it offers a quiet lifestyle amidst the natural beauty of the region. The town is characterized by its friendly community and small-town atmosphere, making it a great place for families and retirees alike. Laurel Hill is surrounded by lush landscapes, providing ample opportunities for outdoor activities such as hiking, fishing, and hunting. The area is also rich in history, with nearby attractions that reflect the cultural heritage of Scotland County. Despite its small size, the town is conveniently located near larger cities like Laurinburg, which offers additional amenities such as shopping, dining, and entertainment options. Laurel Hill is primarily residential, with a blend of agriculture and local businesses, contributing to its quaint charm. Overall, Laurel Hill is an inviting place for those seeking a peaceful, rural lifestyle while still being close to larger urban areas for convenience.

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