Quick facts: Sophia, WV

Quick Facts

93.9
Cost of Living
below US average
1,093
Population
42.09
Crime Rate per 1000
above US average
$33,372
Median Income
below US average
$110,000
Median House Price
above US average
$1025.0
Average Rent
below US average
13%
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 $33,372.

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Income Needed to Buy

βœ— Stretch
$35k/year
Based on $110,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $35k vs median $33,372
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Income Needed to Rent

⚠ Stretch
$44k/year
Based on $1025.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $44k vs median $33,372
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sophia, WV

Sophia is a small town located in Raleigh County, West Virginia. Nestled near the scenic Appalachian Mountains, it offers a charming, close-knit community atmosphere. With a population of just over 1,000 residents, Sophia celebrates its rich coal mining history which significantly shaped its development and character. The town is primarily residential, featuring a mix of older homes and new constructions. Outdoor enthusiasts can enjoy the natural beauty of the surrounding areas, including several parks and recreational opportunities for hiking, fishing, and camping. Nearby, the New River Gorge National Park is a popular destination for adventure seekers, providing stunning landscapes and various outdoor activities such as white-water rafting and rock climbing. Sophia is conveniently located near the city of Beckley, which offers additional amenities like shopping, dining, and entertainment. The local economy is influenced by healthcare, education, and retail, along with remnants of its coal mining heritage. Overall, Sophia is a quaint and peaceful locale, ideal for those looking to experience the beauty and tranquility of West Virginia's countryside.

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