Quick facts: Raven, VA

Quick Facts

106
Cost of Living
above US average
2,065
Population
31.48
Crime Rate per 1000
above US average
$36,613
Median Income
below US average
$83,900
Median House Price
above US average
$850.0
Average Rent
below US average
15%
Poverty Rate
above US average
4.5%
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 $36,613.

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Income Needed to Buy

βœ“ Affordable
$26k/year
Based on $83,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($36,613) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$36k/year
Based on $850.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($36,613) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Raven, VA

Raven is a small unincorporated community located in Tazewell County, Virginia. Nestled in the Appalachian region, it is known for its picturesque landscapes and rich natural resources. The area is characterized by rolling hills, scenic forests, and a rural ambiance, making it a great spot for outdoor enthusiasts interested in hiking, fishing, and exploring nature. Historically, Raven has roots in the coal mining industry, which played a significant role in the local economy. Although the community is small, it shares proximity with larger towns like Tazewell and Richlands, which offer additional services and amenities. Residents enjoy a tight-knit community atmosphere with access to local schools and small businesses. Nearby attractions include the Clinch River and various parks, which provide recreational opportunities and beautiful views of the surrounding mountains. Raven's charm lies in its tranquility and the opportunity to experience the natural beauty of Virginia's Appalachian Mountains. Overall, it's a quiet retreat ideal for those seeking a slower pace of life amidst nature's wonders.

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