Quick facts: Proctor, WV

Quick Facts

93.9
Cost of Living
below US average
207
Population
24.15
Crime Rate per 1000
above US average
$55,000
Median Income
below US average
$630,000
Median House Price
above US average
$1190
Average Rent
below US average
15%
Poverty Rate
above 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 $55,000.

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Income Needed to Buy

βœ— Stretch
$198k/year
Based on $630,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $198k vs median $55,000
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Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1190/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($55,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Proctor, WV

Proctor is a small town located in Wetzel County, West Virginia. This quaint community offers a serene rural atmosphere, characterized by its beautiful natural landscapes, including rolling hills and nearby waterways. Situated along the banks of the Ohio River, Proctor provides residents and visitors with opportunities for outdoor activities such as fishing, hiking, and boating. The town is predominantly residential, with a tight-knit community and a friendly small-town vibe. Proctor is ideal for those looking to escape the hustle and bustle of larger urban areas, making it a peaceful retreat for families and individuals alike. The area's history is reflected in its local architecture and community events, which often celebrate its heritage. While Proctor may not offer extensive amenities found in larger cities, it is close to nearby towns like New Martinsville, where more shopping and dining options are available. Additionally, its location allows for easy access to outdoor recreation in the nearby woods and rivers, making it a charming spot for nature lovers.

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