Quick facts: Newberry, SC

Quick Facts

102.3
Cost of Living
above US average
10,726
Population
33.47
Crime Rate per 1000
above US average
$47,565
Median Income
below US average
$185,000
Median House Price
above US average
$1234.0
Average Rent
below US average
15%
Poverty Rate
above US average
4.5%
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 $47,565.

🏠

Income Needed to Buy

βœ— Stretch
$58k/year
Based on $185,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $58k vs median $47,565
🏒

Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1234.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $47,565
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newberry, SC

Newberry, South Carolina, is a charming small town located in the heart of the state, known for its rich history and community spirit. Established in the 18th century, Newberry served as a key trading hub and has preserved many historic buildings, including the Newberry Opera House, which hosts a variety of performances and events throughout the year. The town offers a blend of Southern charm and natural beauty, surrounded by picturesque landscapes, including Lake Murray to the south and Sumter National Forest to the north. Outdoor enthusiasts can enjoy hiking, fishing, and boating in the area. Newberry also features a vibrant downtown area with unique shops, restaurants, and cafes, providing a welcoming atmosphere for residents and visitors alike. The local economy is supported by a mix of agriculture, manufacturing, and education, with Newberry College being a notable institution that adds to the town's cultural fabric. With its friendly community and rich heritage, Newberry embodies the essence of small-town life in South Carolina, making it a great place to visit or call home.

πŸ” Search & Compare Places

First Location πŸ“