Quick facts: Stephens city, VA

Quick Facts

106
Cost of Living
above US average
2,096
Population
11.93
Crime Rate per 1000
below US average
$90,588
Median Income
above US average
$464,990
Median House Price
above US average
$2093.79
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
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 $90,588.

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Income Needed to Buy

βœ— Stretch
$146k/year
Based on $464,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $146k vs median $90,588
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Income Needed to Rent

βœ“ Affordable
$90k/year
Based on $2093.79/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($90,588) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stephens city, VA

Stephens City is a charming town located in Frederick County, Virginia. With a rich history dating back to the early 18th century, Stephens City offers a small-town atmosphere with a tight-knit community. The town is situated just a few miles from Winchester, making it a convenient location for those who work or study in the larger nearby city while enjoying the peaceful setting of a smaller locale. Visitors and residents can explore various local parks, including the 5-acre Stephens City Park, which features playgrounds, walking trails, and recreational facilities. The town hosts community events throughout the year, promoting local arts, crafts, and food. Stephens City is also notable for its historic architecture, particularly along the main streets where preserved buildings reflect the town's heritage. The area enjoys a blend of rural and suburban living, providing opportunities for outdoor activities within the scenic Shenandoah Valley. With easy access to the I-81 corridor, residents benefit from an efficient commute to Washington, D.C., and other urban centers. Overall, Stephens City embodies a welcoming community with a unique blend of history, nature, and modern convenience.

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