Quick facts: Montross, VA

Quick Facts

106
Cost of Living
above US average
336
Population
65.48
Crime Rate per 1000
above US average
$60,313
Median Income
below US average
$235,000
Median House Price
above US average
$2745.0
Average Rent
above US average
9%
Poverty Rate
below US average
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 $60,313.

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Income Needed to Buy

βœ— Stretch
$74k/year
Based on $235,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $74k vs median $60,313
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Income Needed to Rent

⚠ Stretch
$118k/year
Based on $2745.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $118k vs median $60,313
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Montross, VA

Montross is a charming town located in Westmoreland County, Virginia. Nestled along the banks of the historic Potomac River, this small community serves as a gateway to many of Virginia's rich historical sites. Known for its picturesque landscapes and quaint atmosphere, Montross offers a unique blend of rural charm and cultural heritage. Key attractions include the nearby Stratford Hall, the birthplace of Robert E. Lee, and the historic town of Colonial Beach, which is a short drive away. Outdoor enthusiasts can enjoy nature with access to the Potomac River, perfect for fishing, boating, and hiking the scenic trails of the region. The town features a tight-knit community with local shops, eateries, and annual events that celebrate its history and culture. Montross is ideal for those seeking a peaceful retreat while being close to significant historical landmarks. Overall, Montross embodies the spirit of small-town Virginia, inviting visitors to explore its rich past and engage with nature.

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