Quick facts: Stony creek, VA

Quick Facts

106
Cost of Living
above US average
202
Population
74.26
Crime Rate per 1000
above US average
$58,264
Median Income
below US average
$195,000
Median House Price
above US average
$1935
Average Rent
above US average
9%
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 $58,264.

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Income Needed to Buy

βœ— Stretch
$61k/year
Based on $195,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $61k vs median $58,264
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1935/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $58,264
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stony creek, VA

Stony Creek is a small, unincorporated community located in Sussex County, Virginia. Nestled in the southern part of the state, Stony Creek is characterized by its rural charm and tranquil surroundings. The community offers a glimpse into a more laid-back lifestyle, where natural beauty is abundant, and the pace of life is slower. Despite its small size, Stony Creek is situated near major highways, providing easy access to larger towns and cities in the region. The community is surrounded by picturesque landscapes, including rolling hills and wooded areas, making it ideal for outdoor activities such as hiking and fishing. Stony Creek is steeped in local history, with several historical sites and remnants of past agricultural activities. The area reflects the rich cultural heritage of Virginia, with friendly locals and a sense of community. Residents and visitors alike can enjoy the peaceful atmosphere, as well as the warmth of small-town life. While Stony Creek may lack urban amenities, it offers a connection to nature and a simpler way of living, making it a unique place to visit or call home.

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