Quick facts: Peterstown, WV

Quick Facts

93.9
Cost of Living
below US average
443
Population
90.29
Crime Rate per 1000
above US average
$39,167
Median Income
below US average
$54,900
Median House Price
above US average
$1190
Average Rent
below US average
10%
Poverty Rate
below US average
4.2%
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 $39,167.

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Income Needed to Buy

βœ“ Affordable
$17k/year
Based on $54,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($39,167) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$51k/year
Based on $1190/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $51k vs median $39,167
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Peterstown, WV

Peterstown is a small town located in Monroe County, West Virginia. Nestled in the Appalachian Mountains, it offers a scenic rural setting with an emphasis on local charm and community spirit. The town is characterized by its historic buildings, quiet streets, and proximity to natural attractions, making it an appealing destination for those seeking a peaceful retreat. The area is known for its rich history, with roots dating back to the early 19th century. The local economy primarily revolves around agriculture and small businesses, with families often engaging in farming or local trades. The community hosts various annual events that foster a sense of togetherness among residents. Outdoor enthusiasts can enjoy activities like hiking, fishing, and exploring the beautiful mountainous terrain surrounding Peterstown. The nearby national forests provide ample opportunities for recreation and appreciation of nature. Basically, Peterstown offers a quaint slice of West Virginia life, ideal for those who appreciate a slower pace and the beauty of rural living. Whether you’re looking to visit or consider moving, it’s a place that embodies the warmth and hospitality of small-town America.

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