Quick facts: Sylvester, WV

Quick Facts

93.9
Cost of Living
below US average
159
Population
31.45
Crime Rate per 1000
above US average
$61,000
Median Income
below US average
$6,000
Median House Price
above US average
$1190
Average Rent
below US average
12%
Poverty Rate
above 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 $61,000.

🏠

Income Needed to Buy

βœ“ Affordable
$2k/year
Based on $6,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($61,000) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1190/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($61,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sylvester, WV

Sylvester is a quaint town located in Boone County, West Virginia. Known for its tight-knit community and scenic surroundings, Sylvester offers a small-town charm combined with the beauty of the Appalachian landscape. With its roots in coal mining, the town reflects the rich cultural heritage of West Virginia. Sylvester is situated near the Kanawha River, providing opportunities for outdoor activities such as fishing and hiking. The nearby scenic hills and lush forests are perfect for nature enthusiasts, offering trails and places to explore. Residents enjoy a peaceful lifestyle with local schools and community events that foster connection among families. The cost of living is relatively low, making it an attractive option for those seeking a simpler way of life away from the hustle and bustle of larger cities. Overall, Sylvester embodies the spirit of rural West Virginia, with its friendly atmosphere and natural beauty, making it a hidden gem for those looking to experience small-town life in the Appalachian region.

πŸ” Search & Compare Places

First Location πŸ“