Quick facts: Lavalette, WV

Quick Facts

93.9
Cost of Living
below US average
991
Population
124.12
Crime Rate per 1000
above US average
$80,404
Median Income
below US average
$115,000
Median House Price
above US average
$650.0
Average Rent
below US average
Poverty rate Data is updating, will be available soon
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 $80,404.

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Income Needed to Buy

βœ“ Affordable
$36k/year
Based on $115,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($80,404) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$28k/year
Based on $650.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($80,404) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lavalette, WV

Lavalette is a charming town located in Wayne County, West Virginia. Nestled amidst the scenic Appalachian Mountains, this small town is known for its tight-knit community and picturesque landscapes. The town was incorporated in 1906 and boasts a rich history tied to the region's coal mining and railroading heritage. Lavalette features a range of local businesses, offering residents access to essential services and goods. The town is also known for its friendly atmosphere, making it a welcoming place for families and visitors alike. Outdoor enthusiasts can enjoy nearby recreational activities, including hiking, fishing, and exploring the beautiful natural surroundings of the Wayne National Forest. The town is conveniently situated near larger urban areas, providing residents the tranquility of small-town living while still being close to the amenities of bigger cities. In terms of education, Lavalette is served by the Wayne County school system, which emphasizes community involvement and student success. Overall, Lavalette embodies the charm of West Virginia's small towns, making it a lovely place to live or visit.

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