Quick facts: Tobaccoville, NC

Quick Facts

100.6
Cost of Living
above US average
2,658
Population
Crime rate Data is updating, will be available soon
$75,673
Median Income
below US average
$189,000
Median House Price
above US average
$1350.0
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $75,673.

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Income Needed to Buy

βœ“ Affordable
$59k/year
Based on $189,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($75,673) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$58k/year
Based on $1350.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($75,673) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tobaccoville, NC

Tobaccoville is a charming unincorporated community located in Forsyth County, North Carolina. Nestled in the heart of the Piedmont region, it is known for its rich history in tobacco farming and a close-knit community atmosphere. The area features a mix of agricultural landscapes and residential neighborhoods, offering a serene rural lifestyle while being in proximity to larger urban centers like Winston-Salem, which is just a short drive away. The community is characterized by a blend of historic homes and modern amenities, providing residents with comfortable living conditions. Tobaccoville is also surrounded by beautiful natural scenery, with opportunities for outdoor activities such as hiking and biking in the nearby parks and greenways. For families, the area boasts local schools and community services that contribute to a friendly environment. The local economy is influenced by both agricultural activities and the presence of small businesses. Overall, Tobaccoville offers a peaceful lifestyle with the convenience of urban facilities nearby, making it an appealing place to live for those seeking a quieter community in North Carolina.

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