Quick facts: Union springs, AL

Quick Facts

93
Cost of Living
below US average
3,242
Population
71.87
Crime Rate per 1000
above US average
$24,921
Median Income
below US average
$175,000
Median House Price
above US average
$1372
Average Rent
below US average
25%
Poverty Rate
above US average
5.2%
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 $24,921.

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Income Needed to Buy

βœ— Stretch
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $24,921
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Income Needed to Rent

⚠ Stretch
$59k/year
Based on $1372/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $59k vs median $24,921
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Union springs, AL

Union Springs is a charming city located in Bullock County, Alabama. Nestled in the heart of the southeastern United States, this historic town has a rich cultural heritage and a close-knit community atmosphere. Established in the early 19th century, Union Springs played a significant role during the Civil War and features a number of historic buildings reflecting its storied past. The city is known for its picturesque landscapes and is surrounded by scenic views of the Alabama countryside. Outdoor enthusiasts can enjoy activities such as fishing, hiking, and birdwatching in nearby parks and natural areas. Union Springs is also home to the famous "Groundhog Day" celebration, which highlights its unique local culture. In terms of education, the city serves as a hub for several schools in the region, providing quality education to its residents. The community hosts various events throughout the year, fostering a spirit of togetherness and offering residents and visitors a chance to engage in local traditions. Overall, Union Springs provides a blend of history, hospitality, and natural beauty.

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