Quick facts: Transylvania, LA

Quick Facts

98.7
Cost of Living
below US average
155
Population
64.52
Crime Rate per 1000
above US average
$50,000
Median Income
below US average
$175,000
Median House Price
above US average
$1358
Average Rent
below US average
15%
Poverty Rate
above US average
5.0%
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
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $50,000
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1358/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $50,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Transylvania, LA

Transylvania is a small community located in the northeastern part of Louisiana, within East Carroll Parish. Known for its rural charm, this unincorporated area is steeped in the cultural heritage of the Delta region. The surrounding landscape is primarily characterized by agricultural land, with cotton and soybeans being predominant crops. The community is situated near the banks of the Mississippi River, which not only contributes to the fertile soil but also offers scenic views and recreational opportunities. Transylvania's close-knit population fosters a sense of community, with local gatherings and events that embrace the Southern hospitality typical of the area. Though Transylvania is small, it is part of the larger region that includes several nearby towns, offering residents access to essential amenities and services. The area's history reflects a blend of rich Southern customs with a unique agricultural lifestyle, making it a quaint representation of life in rural Louisiana. The region may appeal to those interested in exploring the natural beauty and cultural history of the Deep South.

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