Quick facts: Littcarr, KY

Quick Facts

99.8
Cost of Living
below US average
104
Population
240.38
Crime Rate per 1000
above US average
$45,000
Median Income
below US average
$60,000
Median House Price
above US average
$1350
Average Rent
below US average
18%
Poverty Rate
above US average
4.5%
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 $45,000.

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Income Needed to Buy

βœ“ Affordable
$19k/year
Based on $60,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($45,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1350/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $45,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Littcarr, KY

Littcarr is a small community located in Knott County, Kentucky, nestled in the picturesque Appalachian Mountains. With a rich history rooted in coal mining, the area reflects the cultural heritage of the region. The community is known for its close-knit atmosphere and scenic landscapes, offering residents and visitors a glimpse into rural mountain life. As part of Kentucky's Eastern Coal Fields, Littcarr has historically been influenced by the coal industry, which shaped its economy and development. Today, it remains a tranquil place characterized by its natural beauty, with opportunities for outdoor activities like hiking and exploring nearby state parks. The surrounding Knott County area features local attractions like the Knott County Sportsplex and various festivals that celebrate Appalachian culture. While Littcarr may be small, it embodies the charm of Kentucky's countryside and serves as a peaceful retreat for those looking to escape urban life. Overall, the community reflects resilience and a strong sense of identity tied to its regional heritage.

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