Quick facts: Willow street, PA

Quick Facts

101.5
Cost of Living
above US average
9,640
Population
1.56
Crime Rate per 1000
below US average
$100,727
Median Income
above US average
$400,000
Median House Price
above US average
$1400.0
Average Rent
below US average
5%
Poverty Rate
below US average
3.2%
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 $100,727.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $400,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $100,727
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Income Needed to Rent

βœ“ Affordable
$60k/year
Based on $1400.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($100,727) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Willow street, PA

Willow Street is a charming town located in Lancaster County, Pennsylvania. Nestled just south of the vibrant city of Lancaster, this community offers a blend of rural charm and suburban convenience. With a population of around 3,000 residents, it maintains a small-town feel while providing easy access to urban amenities. The area is characterized by picturesque landscapes, including rolling hills and farmland, typical of Pennsylvania Dutch Country. Willow Street features various parks and outdoor recreational spots, making it ideal for nature lovers and families. The community is known for its friendly atmosphere and strong sense of community, with local events and gatherings fostering connections among residents. In terms of amenities, Willow Street has several local shops, restaurants, and markets, offering a taste of local culture and cuisine. Families are served by well-regarded schools and health facilities, contributing to its appeal as a residential area. Additionally, its proximity to Lancaster city means residents can quickly access a wider array of dining, entertainment, and shopping options. Overall, Willow Street is a serene and welcoming place to live, epitomizing the charm of central Pennsylvania.

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