Quick facts: Gainesville, VA

Quick Facts

106
Cost of Living
above US average
16,972
Population
3.3
Crime Rate per 1000
below US average
$163,942
Median Income
above US average
$749,000
Median House Price
above US average
$3036.48
Average Rent
above US average
2%
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 $163,942.

🏠

Income Needed to Buy

βœ— Stretch
$235k/year
Based on $749,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $235k vs median $163,942
🏒

Income Needed to Rent

βœ“ Affordable
$130k/year
Based on $3036.48/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($163,942) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gainesville, VA

Gainesville, Virginia, is a vibrant suburban community located within Prince William County. Nestled in the scenic foothills of the Bull Run Mountains, Gainesville offers a mix of modern amenities and natural beauty, appealing to both families and professionals. The area is known for its excellent schools, making it a desirable place for families seeking quality education for their children. Gainesville features an array of shopping and dining options, with the Virginia Gateway shopping center serving as a central hub for retail and restaurants. The community also enjoys easy access to outdoor activities, with several parks and recreational areas, including the popular Donkey Mile Park and the scenic Lake Manassas. Commuting is convenient with major highways nearby, like I-66, allowing residents to travel to Washington, D.C., and other surrounding areas. Additionally, Gainesville has fostered a strong sense of community, hosting various events throughout the year, such as farmers' markets and festivals. Overall, Gainesville, VA, is a charming place that combines suburban comforts with easy access to urban experiences.

πŸ” Search & Compare Places

First Location πŸ“