Quick facts: Washington, NC

Quick Facts

100.6
Cost of Living
above US average
10,828
Population
18.01
Crime Rate per 1000
below US average
$38,927
Median Income
below US average
$285,000
Median House Price
above US average
$2289.45
Average Rent
above US average
16%
Poverty Rate
above US average
4.8%
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 $38,927.

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Income Needed to Buy

βœ— Stretch
$89k/year
Based on $285,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $89k vs median $38,927
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Income Needed to Rent

⚠ Stretch
$98k/year
Based on $2289.45/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $98k vs median $38,927
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Washington, NC

Washington, North Carolina, often referred to as "Little Washington," is a charming city located in Beaufort County along the banks of the Pamlico River. With a population of around 9,000, Washington is known for its rich history, picturesque waterfront, and vibrant community. The city's historical roots date back to the colonial era, with well-preserved architecture and landmarks that provide a glimpse into its past. The Washington Waterfront is a focal point for locals and visitors alike, featuring parks, restaurants, and shops that enhance the scenic views over the river. Culturally, Washington is home to various events throughout the year, including the annual "Run the River" and "Beaufort County Watermelon Festival," celebrating local heritage and community spirit. Outdoor enthusiasts will find ample opportunities for fishing, boating, and hiking in the nearby areas, including the scenic waters of the Pamlico River and the lush landscapes of the surrounding countryside. Overall, Washington offers a blend of southern charm, historical significance, and small-town community, making it a delightful destination for those exploring North Carolina's coastal regions.

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