Quick facts: South boston, VA

Quick Facts

106
Cost of Living
above US average
7,863
Population
26.71
Crime Rate per 1000
above US average
$49,654
Median Income
below US average
$165,000
Median House Price
above US average
$1235.0
Average Rent
below US average
12%
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 $49,654.

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Income Needed to Buy

βœ— Stretch
$52k/year
Based on $165,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $52k vs median $49,654
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1235.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $49,654
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South boston, VA

South Boston is a charming town located in Halifax County, Virginia. Nestled along the banks of the Dan River, South Boston boasts a rich history and a small-town atmosphere, making it a unique spot in the heart of Southern Virginia. The town is known for its historic district, which features beautifully preserved 19th-century architecture and various cultural attractions. Outdoor enthusiasts can enjoy activities such as fishing, boating, and hiking around the picturesque surroundings, including the nearby Occoneechee State Park. The town also hosts several community events and festivals throughout the year, fostering a strong sense of local pride. With a population of just under 8,000, South Boston offers residents and visitors a warm, welcoming community vibe, complemented by local shops, eateries, and family-friendly activities. Its close-knit nature, combined with its scenic charm and rich cultural offerings, make South Boston a delightful destination for those looking to explore Virginia's lesser-known locales.

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