Quick facts: Sugar grove, NC

Quick Facts

100.6
Cost of Living
above US average
100
Population
50.0
Crime Rate per 1000
above US average
$50,000
Median Income
below US average
$849,900
Median House Price
above US average
$1110.0
Average Rent
below US average
10%
Poverty Rate
below 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 $50,000.

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Income Needed to Buy

βœ— Stretch
$267k/year
Based on $849,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $267k vs median $50,000
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Income Needed to Rent

βœ“ Affordable
$48k/year
Based on $1110.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($50,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sugar grove, NC

Sugar Grove is a small community located in Watauga County, North Carolina. Nestled in the picturesque Blue Ridge Mountains, it is known for its serene environment, natural beauty, and outdoor recreational opportunities. The area is largely rural, providing residents and visitors with access to hiking, fishing, and other outdoor activities, particularly in nearby parks and forests. A key highlight of Sugar Grove is its close proximity to the Appalachian State University in Boone, just a short drive away. This offers a vibrant cultural scene, as well as shopping and dining options. Additionally, the community is characterized by its friendly atmosphere and tight-knit neighborhoods, making it a great place for families or those looking for a quieter lifestyle. The area has a rich Appalachian heritage, reflected in local events and traditions. With its stunning mountain scenery and welcoming community, Sugar Grove stands out as a charming destination for those seeking adventure or a peaceful retreat in North Carolina's natural landscape. Whether you're passing through or considering making it your home, Sugar Grove offers a unique slice of mountain living.

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