Quick facts: Ellaville, GA

Quick Facts

97.5
Cost of Living
below US average
1,546
Population
7.76
Crime Rate per 1000
below US average
$50,000
Median Income
below US average
$265,000
Median House Price
above US average
$1687
Average Rent
above US average
18%
Poverty Rate
above US average
5.0%
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 $50,000.

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Income Needed to Buy

βœ— Stretch
$83k/year
Based on $265,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $83k vs median $50,000
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Income Needed to Rent

⚠ Stretch
$72k/year
Based on $1687/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $72k vs median $50,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ellaville, GA

Ellaville is a small city located in Schley County, Georgia, nestled in the heart of the state. With a population of around 1,500 residents, it exudes a tight-knit community feel, characterized by its southern charm and hospitality. Ellaville is primarily a rural area, surrounded by picturesque landscapes, making it an ideal place for those who appreciate nature and a slower pace of life. The city has a rich history, with roots dating back to the 19th century when it served as an agricultural hub. Today, agriculture still plays a significant role in its economy, with cotton and peanut farming being prominent. Ellaville is also near the beautiful Lake Blackshear, offering recreational opportunities such as fishing, boating, and camping. Community events, such as local festivals and fairs, bring residents together, showcasing regional culture and traditions. With a warm climate, beautiful scenery, and a strong sense of community, Ellaville, GA, offers a tranquil lifestyle away from the hustle and bustle of larger urban centers.

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