Quick facts: Rainsville, AL

Quick Facts

93
Cost of Living
below US average
5,676
Population
20.44
Crime Rate per 1000
below US average
$60,339
Median Income
below US average
$255,000
Median House Price
above US average
$1700.0
Average Rent
above US average
16%
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 $60,339.

🏠

Income Needed to Buy

βœ— Stretch
$80k/year
Based on $255,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $80k vs median $60,339
🏒

Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1700.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $60,339
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rainsville, AL

Rainsville, Alabama, is a charming small town located in DeKalb County in the northeastern part of the state. With a population of around 5,000 residents, it embodies a tight-knit community vibe, making it a great place for families and those seeking a quieter lifestyle. Nestled in the picturesque Appalachian foothills, Rainsville is characterized by its scenic landscapes, including rolling hills and lush greenery. The town offers a range of local amenities, including parks, shops, and dining options that cater to both residents and visitors. Rainsville is known for its friendly atmosphere and community events, such as festivals and fairs, which promote local culture and bring people together. The nearby DeKalb County Sportsplex provides recreational facilities for sports enthusiasts. Rainsville is conveniently located near larger cities such as Fort Payne, providing easy access to more extensive shopping, dining, and entertainment options. Nature lovers will appreciate the proximity to outdoor activities, including hiking, fishing, and camping in the surrounding areas. Overall, Rainsville is a peaceful location that blends small-town charm with natural beauty.

πŸ” Search & Compare Places

First Location πŸ“