Quick facts: Reardan, WA

Quick Facts

115.1
Cost of Living
above US average
688
Population
14.53
Crime Rate per 1000
below US average
$48,636
Median Income
below US average
$150,000
Median House Price
above US average
$1979
Average Rent
above US average
10%
Poverty Rate
below US average
5.0%
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 $48,636.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($48,636) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$85k/year
Based on $1979/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $85k vs median $48,636
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Reardan, WA

Reardan is a small town located in the eastern part of Washington State, primarily within Spokane County. With a population of around 600 residents, it offers a close-knit community atmosphere. This rural town is approximately 25 miles west of Spokane, making it a tranquil alternative for those who prefer a quieter lifestyle while still having access to urban amenities. Reardan is known for its rich agricultural land, which contributes to its rural charm. The town has a strong sense of community, often hosting local events and gatherings. Reardan’s historical roots are evident, with some buildings dating back to the early 20th century. Outdoor enthusiasts can enjoy various recreational activities in the surrounding areas, including hiking, fishing, and biking. The nearby mountains offer beautiful scenic views and opportunities for exploration. Overall, Reardan is ideal for those seeking a peaceful, small-town experience with the convenience of larger city facilities just a short drive away.

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