Quick facts: Lowell, VT

Quick Facts

110.2
Cost of Living
above US average
210
Population
23.81
Crime Rate per 1000
above US average
$62,813
Median Income
below US average
$250,000
Median House Price
above US average
$1726
Average Rent
above US average
9%
Poverty Rate
below US average
2.3%
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 $62,813.

🏠

Income Needed to Buy

βœ— Stretch
$78k/year
Based on $250,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $62,813
🏒

Income Needed to Rent

⚠ Stretch
$74k/year
Based on $1726/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $74k vs median $62,813
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lowell, VT

Lowell is a serene and picturesque town located in Orleans County, Vermont. Nestled in the northern part of the state, Lowell is characterized by its charming rural atmosphere and scenic landscapes, including lush forests and rolling hills. The town is primarily residential, with a small population, making it an ideal location for those seeking a peaceful retreat or a close-knit community. Lowell is known for its outdoor recreational opportunities. With its proximity to the Green Mountains and various lakes, residents and visitors can enjoy activities such as hiking, fishing, and snow sports during the winter months. The area is also historically significant, reflecting Vermont's rich heritage and offering a glimpse into traditional New England life. The local community is tight-knit, with events and gatherings that promote neighborly connections. While Lowell may not have a bustling downtown filled with amenities, its tranquility, natural beauty, and sense of community make it a hidden gem in Vermont, perfect for those wanting to escape the hustle and bustle of city life.

πŸ” Search & Compare Places

First Location πŸ“