Quick facts: Demorest, GA

Quick Facts

97.5
Cost of Living
below US average
2,056
Population
7.78
Crime Rate per 1000
below US average
$59,500
Median Income
below US average
$349,500
Median House Price
above US average
$2200.0
Average Rent
above US average
12%
Poverty Rate
above US average
4.5%
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 $59,500.

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Income Needed to Buy

βœ— Stretch
$110k/year
Based on $349,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $110k vs median $59,500
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Income Needed to Rent

⚠ Stretch
$94k/year
Based on $2200.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $94k vs median $59,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Demorest, GA

Demorest is a small city located in Habersham County, Georgia, known for its charming Southern atmosphere and proximity to the scenic North Georgia mountains. Situated about 90 miles northeast of Atlanta, it serves as a quaint hub for outdoor enthusiasts and those seeking a quiet rural lifestyle. Demorest is renowned for its rich history, having been established in the late 19th century, and is home to several historic buildings, contributing to its small-town charm. The city offers a range of recreational activities, including hiking, fishing, and camping, thanks to its location near the Chattahoochee National Forest. Demorest also has a vibrant community spirit, with local events and festivals that foster a close-knit atmosphere. The nearby Sautee and Helen areas provide additional attractions, such as the beautiful waterfalls, vineyards, and artsy shops. Education is a key aspect of the community, with many families drawn to its schools. Overall, Demorest provides a peaceful retreat with a blend of natural beauty, history, and community cohesion, making it an appealing spot in Georgia's picturesque landscape.

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