Quick facts: Marshall, VA

Quick Facts

106
Cost of Living
above US average
3,033
Population
8.24
Crime Rate per 1000
below US average
$127,633
Median Income
above US average
$750,000
Median House Price
above US average
$2261.83
Average Rent
above US average
5%
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 $127,633.

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Income Needed to Buy

βœ— Stretch
$235k/year
Based on $750,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $235k vs median $127,633
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Income Needed to Rent

βœ“ Affordable
$97k/year
Based on $2261.83/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($127,633) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Marshall, VA

Marshall, Virginia, is a quaint town located in Fauquier County, known for its rich history and picturesque rural setting. Nestled in the Virginia countryside, it offers a mix of charming architecture, local boutiques, and access to outdoor activities. The town is situated near the scenic Blue Ridge Mountains, making it an attractive spot for nature lovers and hikers. Marshall is part of the Virginia Piedmont, characterized by rolling hills and a vibrant agricultural landscape. The town has a close-knit community feel and hosts various events throughout the year, including local festivals, farmers markets, and historical tours, celebrating its heritage and fostering community engagement. Key landmarks in Marshall include the historic Fauquier County Courthouse and the quaint local library. The area is also known for its wineries and farms, contributing to the region's agricultural richness. With easy access to larger towns and cities, Marshall strikes a balance between rural charm and connectivity, making it an appealing destination for those looking to experience Virginia's beauty and history.

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