Quick facts: Prince george, VA

Quick Facts

93.5
Cost of Living
below US average
43,134
Population
5.45
Crime Rate per 1000
below US average
$80,318
Median Income
below US average
$334,990
Median House Price
above US average
$1580.0
Average Rent
above US average
11%
Poverty Rate
above US average
3.6%
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 $80,318.

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Income Needed to Buy

βœ— Stretch
$105k/year
Based on $334,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $105k vs median $80,318
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Income Needed to Rent

βœ“ Affordable
$68k/year
Based on $1580.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($80,318) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Prince george, VA

Prince George, Virginia, is a charming county located in the Tri-Cities region, renowned for its rich history and community spirit. Situated just south of the James River and approximately 25 miles south of Richmond, the state capital, it offers a blend of suburban tranquility and easy access to city amenities. The area is known for its picturesque landscapes, including parks and recreational areas like the Prince George County Regional Heritage Center, which showcases local history and culture. With a strong focus on education, the county boasts well-respected schools and community programs. The local economy benefits from a mix of agriculture, manufacturing, and proximity to military installations, contributing to its robustness. Outdoor enthusiasts can explore various trails and parks, while the close-knit community organizes numerous events throughout the year, fostering a sense of belonging among residents. In summary, Prince George, VA, offers a welcoming environment with historical significance, outdoor activities, and a vibrant community, making it an attractive place for families and individuals alike.

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