Quick facts: Sprague river, OR

Quick Facts

111
Cost of Living
above US average
486
Population
24.69
Crime Rate per 1000
above US average
$54,300
Median Income
below US average
$22,000
Median House Price
above US average
$1757
Average Rent
above US average
15%
Poverty Rate
above US average
5.0%
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 $54,300.

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Income Needed to Buy

βœ“ Affordable
$7k/year
Based on $22,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($54,300) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1757/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $54,300
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sprague river, OR

Sprague River is a small, rural community located in Klamath County, Oregon. Nestled in the scenic landscapes of southern Oregon, it lies along the banks of the Sprague River, which is a tributary of the larger Klamath River. The area is known for its picturesque surroundings, characterized by rolling hills, forests, and open fields, making it a peaceful retreat for nature lovers. The community is primarily residential and appeals to those seeking a tranquil lifestyle away from the hustle and bustle of urban environments. Outdoor activities are abundant, with opportunities for fishing, hiking, and wildlife viewing in the nearby Cascade Mountains and numerous forests. The economy is largely driven by agriculture and logging, reflecting the area's rural roots. Sprague River's close-knit community is marked by a friendly atmosphere, where locals often engage in community events and gatherings. While amenities are limited, the area's charm lies in its natural beauty and the serenity it offers. Visitors looking for a quiet escape or a chance to connect with nature will find Sprague River an inviting destination.

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