Quick facts: Goode, VA

Quick Facts

106
Cost of Living
above US average
782
Population
19.18
Crime Rate per 1000
below US average
$60,000
Median Income
below US average
$428,000
Median House Price
above US average
$1935
Average Rent
above US average
10%
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 $60,000.

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Income Needed to Buy

βœ— Stretch
$134k/year
Based on $428,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $134k vs median $60,000
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1935/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $60,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Goode, VA

Goode, Virginia, is a charming unincorporated community located in Bedford County. Nestled in the picturesque Blue Ridge Mountains, it offers a serene rural atmosphere surrounded by natural beauty. Goode is primarily residential, characterized by spacious properties and scenic views. The area is known for its close-knit community, where residents enjoy a peaceful lifestyle away from the hustle and bustle of urban life. The community is conveniently located near major highways, providing easy access to nearby cities like Lynchburg and Bedford, where additional amenities and services can be found. Outdoor enthusiasts will appreciate the proximity to various recreational activities, including hiking, fishing, and camping in the surrounding mountains, and access to the scenic Smith Mountain Lake. Local attractions include historic sites, vineyards, and charming farms, adding to the area's appeal for visitors and residents alike. With a blend of natural beauty and community spirit, Goode, VA, offers a delightful retreat for those seeking tranquility and a slower pace of life.

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