Quick facts: Warrenton, VA

Quick Facts

106
Cost of Living
above US average
10,197
Population
12.36
Crime Rate per 1000
below US average
$83,737
Median Income
above US average
$854,850
Median House Price
above US average
$2806.43
Average Rent
above US average
6%
Poverty Rate
below US average
3.4%
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 $83,737.

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Income Needed to Buy

βœ— Stretch
$268k/year
Based on $854,850 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $268k vs median $83,737
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Income Needed to Rent

⚠ Stretch
$120k/year
Based on $2806.43/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $120k vs median $83,737
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Warrenton, VA

Warrenton is a charming town located in Fauquier County, Virginia. It serves as the county seat and is steeped in rich history, having been established in the early 19th century. The town's picturesque Main Street is lined with historic buildings, boutique shops, and restaurants, making it a delightful spot for both residents and visitors. Warrenton is surrounded by beautiful countryside, offering a range of outdoor activities, including hiking, horseback riding, and wine tasting at nearby vineyards. The area is known for its scenic landscapes, which are particularly stunning in the fall when the foliage transforms into vibrant colors. Culturally, Warrenton hosts several events throughout the year, including festivals, art shows, and farmer's markets, fostering a strong sense of community. The town is also notable for its proximity to the Bull Run Mountains and other nature reserves, making it a great base for those seeking outdoor adventures. With its blend of historical charm and modern amenities, Warrenton appeals to families, history buffs, and nature enthusiasts alike.

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