Quick facts: Villa ridge, MO

Quick Facts

94.1
Cost of Living
below US average
2,971
Population
5.05
Crime Rate per 1000
below US average
$71,750
Median Income
below US average
$92,000
Median House Price
above US average
$1372.5
Average Rent
below US average
8%
Poverty Rate
below US average
2.5%
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 $71,750.

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Income Needed to Buy

βœ“ Affordable
$29k/year
Based on $92,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($71,750) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$59k/year
Based on $1372.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($71,750) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Villa ridge, MO

Villa Ridge is a charming unincorporated community located in Franklin County, Missouri. Nestled near the banks of the scenic Meramec River, it offers a serene, small-town atmosphere while being conveniently situated just 40 miles southwest of St. Louis. The area is characterized by its picturesque landscapes, featuring lush greenery and rolling hills, which attract nature enthusiasts and outdoor lovers. The community is primarily residential, making it an appealing choice for families seeking a peaceful environment. Villa Ridge has a close-knit atmosphere, with local events and gatherings fostering a sense of community. While it has limited commercial development, residents can access nearby amenities and shopping in the adjacent towns of Washington and Union. Villa Ridge is also known for its accessibility to recreational activities, with opportunities for hiking, fishing, and enjoying the natural beauty of the surrounding region. The nearby Meramec State Park is popular for its outdoor activities, including camping and canoeing. Overall, Villa Ridge offers a quiet, rural lifestyle with easy access to urban conveniences, making it an ideal location for those seeking tranquility without straying too far from city life.

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