Quick facts: Paden city, WV

Quick Facts

93.9
Cost of Living
below US average
2,451
Population
0.41
Crime Rate per 1000
below US average
$53,833
Median Income
below US average
$119,900
Median House Price
above US average
$850.0
Average Rent
below US average
16%
Poverty Rate
above US average
5.3%
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 $53,833.

🏠

Income Needed to Buy

βœ“ Affordable
$38k/year
Based on $119,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($53,833) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$36k/year
Based on $850.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($53,833) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Paden city, WV

Paden City is a small city located in Wetzel County, West Virginia. Nestled along the banks of the Ohio River, it has a population of around 2,500 residents. The city is known for its tight-knit community, making it a welcoming place for families and newcomers alike. Paden City is characterized by a blend of small-town charm and natural beauty. The area offers various recreational activities, with access to waterways for boating and fishing, as well as hiking trails in the surrounding hills. The historic downtown area features local shops and eateries, reflecting the community's rich history and culture. Education is provided by the Paden City School District, which serves students from pre-kindergarten through high school. The city also hosts various events and festivals throughout the year, fostering community engagement, such as the Paden City Harvest Festival. Overall, Paden City is an appealing destination for those seeking a peaceful lifestyle in a scenic environment while maintaining access to the amenities of nearby larger towns and cities. Its location along the Ohio River adds a unique charm and opportunities for outdoor enthusiasts.

πŸ” Search & Compare Places

First Location πŸ“