Quick facts: Pearisburg, VA

Quick Facts

106
Cost of Living
above US average
2,832
Population
22.95
Crime Rate per 1000
below US average
$70,905
Median Income
below US average
$205,000
Median House Price
above US average
$1525.0
Average Rent
above US average
10%
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 $70,905.

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Income Needed to Buy

βœ“ Affordable
$64k/year
Based on $205,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($70,905) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$65k/year
Based on $1525.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($70,905) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pearisburg, VA

Pearisburg, located in Giles County, Virginia, is a charming small town nestled in the beautiful Appalachian Mountains. It serves as the county seat and is known for its rich history and scenic landscapes. The town is situated along the New River and offers a range of outdoor activities, including hiking, fishing, and bird watching, making it a great destination for nature enthusiasts. Pearisburg has a population of around 2,500 residents, fostering a tight-knit community atmosphere. The downtown area features local shops, restaurants, and historical landmarks that reflect its heritage. The town is also near the Appalachian Trail, attracting hikers from all over. In terms of education, Pearisburg is served by the Giles County Public Schools system, which offers quality education for local children. The area is characterized by its friendly and welcoming vibe, making it an attractive place for families and retirees alike. Overall, Pearisburg embodies the essence of small-town America with its picturesque views and supportive community.

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