Quick facts: South hero, VT

Quick Facts

110.2
Cost of Living
above US average
1,628
Population
3.07
Crime Rate per 1000
below US average
$75,000
Median Income
below US average
$215,000
Median House Price
above US average
$1800.0
Average Rent
above US average
8%
Poverty Rate
below US average
1.3%
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 $75,000.

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Income Needed to Buy

βœ“ Affordable
$67k/year
Based on $215,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($75,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$77k/year
Based on $1800.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $77k vs median $75,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South hero, VT

South Hero is a charming town located in Grand Isle County, Vermont. Nestled on the shores of Lake Champlain, South Hero is known for its picturesque landscapes, rich agricultural heritage, and vibrant community spirit. The town features scenic views of the lake and the nearby Green Mountains, making it a popular destination for outdoor enthusiasts, especially those who enjoy hiking, boating, and fishing. The area is renowned for its farms and orchards, contributing to Vermont’s well-known agricultural industry. Visitors and residents alike can savor the local produce, including seasonal fruits and vegetables, available at farmers' markets throughout the summer. South Hero is part of the Islands of Lake Champlain, offering a quaint, laid-back atmosphere with a strong sense of community. The town hosts various events and festivals that celebrate local culture, such as the popular South Hero Community Library’s annual book sale. With its stunning natural beauty, friendly residents, and abundance of recreational activities, South Hero is a hidden gem in Vermont, perfect for those seeking a peaceful retreat or an adventurous getaway.

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