Quick facts: Indian trail, NC

Quick Facts

100.6
Cost of Living
above US average
41,724
Population
5.15
Crime Rate per 1000
below US average
$95,101
Median Income
above US average
$475,990
Median House Price
above US average
$1894.88
Average Rent
above US average
6%
Poverty Rate
below US average
3.8%
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 $95,101.

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Income Needed to Buy

βœ— Stretch
$149k/year
Based on $475,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $149k vs median $95,101
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Income Needed to Rent

βœ“ Affordable
$81k/year
Based on $1894.88/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($95,101) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Indian trail, NC

Indian Trail is a vibrant suburban town located in Union County, North Carolina, just southeast of the bustling city of Charlotte. Known for its family-friendly atmosphere, Indian Trail offers a mix of residential communities, parks, and recreational facilities, making it an attractive area for families and professionals alike. With a population of approximately 40,000, the town has experienced significant growth over the years, evolving from a small rural community to a thriving suburban hub. Its close proximity to Charlotte provides residents with easy access to the urban amenities of a major city, including shopping, dining, and entertainment, while still enjoying a quieter, suburban lifestyle. Indian Trail boasts many parks and outdoor spaces, with Crooked Creek Park and Indian Trail Park being popular spots for local residents. The town also hosts various community events throughout the year, fostering a strong sense of community among its residents. The school system in Indian Trail is served by Union County Public Schools, which is well-regarded and provides education from elementary through high school. Overall, Indian Trail offers a blend of suburban charm and accessibility, making it an appealing place to live in North Carolina.

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