Quick facts: New roads, LA

Quick Facts

98.7
Cost of Living
below US average
4,383
Population
68.45
Crime Rate per 1000
above US average
$47,792
Median Income
below US average
$129,900
Median House Price
above US average
$905.71
Average Rent
below US average
20%
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 $47,792.

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Income Needed to Buy

βœ“ Affordable
$41k/year
Based on $129,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($47,792) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$39k/year
Based on $905.71/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($47,792) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for New roads, LA

New Roads is a charming city located in Pointe Coupee Parish, Louisiana. Nestled along the picturesque banks of False River, it serves as a gateway to the parishes’ rich history and vibrant culture. With a population of around 4,500 residents, New Roads offers a unique blend of southern hospitality and small-town charm, making it a delightful place to visit or reside. The city is known for its beautiful waterfront views and recreational opportunities, particularly on False River, where fishing, boating, and swimming are popular activities. New Roads boasts a rich history and is home to several historic sites, including the scenic rural landscapes and traditional Louisiana architecture. The city's annual events, such as the False River Festival, celebrate local culture, art, and cuisine, drawing visitors from all over. New Roads' downtown area features quaint shops, dining options, and local galleries, reflecting its vibrant community spirit. The city's close-knit atmosphere, coupled with its scenic surroundings and cultural offerings, makes New Roads a hidden gem in the heart of Louisiana.

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