Quick facts: Winfield, TN

Quick Facts

99.5
Cost of Living
below US average
976
Population
19.47
Crime Rate per 1000
below US average
$40,526
Median Income
below US average
$195,000
Median House Price
above US average
$1602
Average Rent
above US average
11%
Poverty Rate
above US average
3.2%
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 $40,526.

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Income Needed to Buy

βœ— Stretch
$61k/year
Based on $195,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $61k vs median $40,526
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Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1602/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $40,526
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Winfield, TN

Winfield is a small town located in Scott County, Tennessee. Known for its picturesque rural scenery, the town is nestled within the Appalachian foothills, providing a tranquil environment for residents and visitors alike. Winfield is primarily a residential area, offering a sense of community and a slower pace of life compared to urban centers. The town features several local parks and recreational areas, perfect for outdoor activities such as hiking, fishing, and picnicking. The close-knit community often hosts local events, fostering a welcoming atmosphere. Winfield is also within proximity to larger towns and cities, providing access to additional amenities. As part of East Tennessee, Winfield enjoys a temperate climate with four distinct seasons, making it ideal for those who appreciate a varied landscape throughout the year. Overall, Winfield represents the charm of small-town living while being surrounded by the natural beauty of Tennessee landscapes.

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