Quick facts: Silver creek, GA

Quick Facts

97.5
Cost of Living
below US average
1,547
Population
64.64
Crime Rate per 1000
above US average
$50,000
Median Income
below US average
$280,000
Median House Price
above US average
$1875.0
Average Rent
above US average
15%
Poverty Rate
above US average
4.2%
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 $50,000.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $280,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $50,000
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Income Needed to Rent

⚠ Stretch
$80k/year
Based on $1875.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $80k vs median $50,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Silver creek, GA

Silver Creek is a small, unincorporated community located in Floyd County, Georgia. Nestled between the larger cities of Rome and Cave Spring, it offers a serene environment with a close-knit community feel. The area is predominantly residential, providing a tranquil escape from the hustle and bustle of city life. Nature enthusiasts can enjoy the picturesque surroundings, including the nearby Oostanaula River and various outdoor recreational opportunities. The region is characterized by its rolling hills and lush greenery, making it an attractive location for families and individuals seeking a peaceful lifestyle. Despite its small size, Silver Creek is conveniently located near larger urban amenities in Rome, which is just a short drive away. Rome offers a variety of shopping, dining, and cultural experiences, including museums, parks, and local events. Additionally, the community's location allows easy access to major highways, facilitating travel and connectivity to other parts of Georgia. In summary, Silver Creek, GA, is ideal for those looking for a quiet, residential atmosphere combined with the conveniences of nearby urban areas.

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