Quick facts: Lumber bridge, NC

Quick Facts

100.6
Cost of Living
above US average
82
Population
12.2
Crime Rate per 1000
below US average
$61,250
Median Income
below US average
$275,900
Median House Price
above US average
$1645.0
Average Rent
above US average
12%
Poverty Rate
above US average
4.6%
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 $61,250.

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Income Needed to Buy

βœ— Stretch
$87k/year
Based on $275,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $87k vs median $61,250
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Income Needed to Rent

⚠ Stretch
$70k/year
Based on $1645.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $70k vs median $61,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lumber bridge, NC

Lumber Bridge is a small town located in Robeson County, North Carolina. It is situated near the scenic Lumber River, offering a blend of natural beauty and rural charm. With a population of around 1,000 residents, Lumber Bridge maintains a tight-knit community feel, where local traditions and family values are cherished. The town is primarily residential, characterized by a mix of historic homes and newer developments. Its strategic location provides convenient access to larger cities like Lumberton, just a short drive away, allowing residents to enjoy the amenities of urban living while basking in the tranquility of small-town life. Outdoor enthusiasts appreciate the surrounding natural landscapes, perfect for fishing, hiking, and enjoying leisurely walks along the riverbanks. Additionally, Lumber Bridge hosts community events that foster local culture and bring residents together throughout the year. Overall, Lumber Bridge embodies the essence of Southern living with its welcoming atmosphere, natural surroundings, and strong community ties. It is an ideal spot for those seeking a peaceful place to live while remaining close to more populated areas.

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