Quick facts: Newnan, GA

Quick Facts

97.5
Cost of Living
below US average
44,485
Population
32.12
Crime Rate per 1000
above US average
$74,606
Median Income
below US average
$424,499
Median House Price
above US average
$1805.35
Average Rent
above US average
10%
Poverty Rate
below US average
4.1%
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 $74,606.

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Income Needed to Buy

βœ— Stretch
$133k/year
Based on $424,499 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $133k vs median $74,606
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Income Needed to Rent

⚠ Stretch
$77k/year
Based on $1805.35/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $77k vs median $74,606
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newnan, GA

Newnan, Georgia, located in Coweta County, is a charming city known for its rich history and vibrant community. Founded in the 19th century, Newnan boasts a well-preserved historic downtown that features antebellum architecture, unique shops, and delightful restaurants. The city is surrounded by picturesque landscapes, combining rural charm with urban conveniences. One of Newnan's key attractions is the Newnan-Coweta Historical Society, which offers insights into the area's past, including its role during the Civil War. Additionally, the city hosts several parks and recreational areas, such as the beautiful Dunaway Gardens and the popular Carl Miller Park, providing ample opportunities for outdoor activities. Newnan is also home to a growing population, and its proximity to Atlanta makes it an attractive location for those seeking a suburban lifestyle with easy access to the city. The local economy is bolstered by a mix of industries, including healthcare, manufacturing, and retail. With a strong sense of community, numerous festivals, and events throughout the year, Newnan is a wonderful place to live and visit.

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