Quick facts: Scottsboro, AL

Quick Facts

93
Cost of Living
below US average
15,677
Population
55.11
Crime Rate per 1000
above US average
$49,287
Median Income
below US average
$195,000
Median House Price
above US average
$1500.0
Average Rent
above US average
16%
Poverty Rate
above US average
3.2%
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 $49,287.

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Income Needed to Buy

βœ— Stretch
$61k/year
Based on $195,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $61k vs median $49,287
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Income Needed to Rent

⚠ Stretch
$64k/year
Based on $1500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $64k vs median $49,287
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Scottsboro, AL

Scottsboro is a charming city located in Jackson County, Alabama, nestled near the picturesque backdrop of the Appalachian Mountains and along the banks of the Tennessee River. With a population of around 14,000 residents, it serves as a regional hub for commerce and tourism in the northeastern part of the state. The city is known for its rich history, including its role as a significant stopping point for the Southern Railroad. Visitors can explore the historic downtown area, which features unique shops, restaurants, and the restored Scottsboro Train Depot. Scottsboro is famous for its outdoor recreational opportunities, particularly at Lake Guntersville, which is a short drive away. The area offers fishing, boating, and hiking, making it a popular destination for nature enthusiasts. One of the city's notable attractions is the Unclaimed Baggage Center, a unique retail store that sells lost luggage items from airlines, drawing visitors from all over. Scottsboro is a community-oriented city, hosting various events throughout the year, including festivals and farmers' markets, that showcase local culture and craftsmanship. This small-town atmosphere combined with its scenic beauty makes Scottsboro a delightful place to visit or reside.

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