Quick facts: Wiley ford, WV

Quick Facts

93.9
Cost of Living
below US average
665
Population
15.04
Crime Rate per 1000
below US average
$85,938
Median Income
above US average
$120,000
Median House Price
above US average
$1190
Average Rent
below US average
9%
Poverty Rate
below US average
3.5%
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 $85,938.

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Income Needed to Buy

βœ“ Affordable
$38k/year
Based on $120,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($85,938) exceeds requirement
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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 ($85,938) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wiley ford, WV

Wiley Ford is a small community located in Mineral County, West Virginia, just across the Potomac River from Cumberland, Maryland. Nestled in the Appalachian Mountain region, Wiley Ford offers a picturesque, rural setting characterized by natural beauty and tranquil surroundings. The area is primarily residential, with a mix of historical homes and newer developments. The community features easy access to outdoor activities, including hiking, fishing, and camping, thanks to its proximity to various state parks and the river. Wiley Ford has a small-town atmosphere where residents often engage in local events and outdoor festivities. Cumberland, Maryland, a larger city just minutes away, provides additional amenities, including shopping, dining, and entertainment options. The region is known for its rich history, with nearby historical sites and museums that reflect the heritage of both West Virginia and Maryland. Overall, Wiley Ford offers a quiet, community-oriented lifestyle with the benefits of nearby urban accessibility, making it an appealing choice for those seeking a balance between rural charm and city convenience.

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