Quick facts: Summerfield, NC

Quick Facts

100.6
Cost of Living
above US average
11,111
Population
13.05
Crime Rate per 1000
below US average
$148,182
Median Income
above US average
$599,900
Median House Price
above US average
$2243.33
Average Rent
above US average
7%
Poverty Rate
below US average
3.4%
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 $148,182.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $148,182
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Income Needed to Rent

βœ“ Affordable
$96k/year
Based on $2243.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($148,182) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Summerfield, NC

Summerfield is a charming unincorporated community located in Guilford County, North Carolina. Nestled just north of Greensboro, it offers a perfect blend of suburban tranquility and easy access to urban amenities. Known for its picturesque landscapes, Summerfield features sprawling farms, beautiful parks, and a strong sense of community. The population is relatively small, fostering a welcoming atmosphere where neighbors often become friends. Families are drawn to Summerfield for its top-rated schools and recreational opportunities. The area boasts several parks, including the popular Summerfield Community Park, which offers trails, sports fields, and picnic areas. Outdoor enthusiasts can also enjoy nearby Lake Brandt for fishing, hiking, and boating. With its proximity to Greensboro, residents can quickly access shopping, dining, and entertainment options while returning to the peaceful suburban life that Summerfield offers. The community's commitment to preserving its rural character ensures that it remains a desirable place to live, making it an ideal spot for those seeking a slower pace of life without sacrificing convenience.

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