Quick facts: Winnsboro, LA

Quick Facts

98.7
Cost of Living
below US average
4,910
Population
70.26
Crime Rate per 1000
above US average
$44,000
Median Income
below US average
$145,000
Median House Price
above US average
$700.0
Average Rent
below US average
22%
Poverty Rate
above US average
6.1%
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 $44,000.

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Income Needed to Buy

βœ— Stretch
$45k/year
Based on $145,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $45k vs median $44,000
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Income Needed to Rent

βœ“ Affordable
$30k/year
Based on $700.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($44,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Winnsboro, LA

Winnsboro is a small city located in Franklin Parish, Louisiana. Nestled in the northeastern part of the state, it serves as the parish seat and is rich in Southern charm and historical significance. Founded in the 19th century, the city has a quaint downtown area featuring a mix of local shops, restaurants, and historic buildings that showcase its heritage. The population is around 4,000 residents, providing a close-knit community feel. Outdoor enthusiasts can explore nearby attractions, such as the picturesque Lake St. John, known for fishing, boating, and scenic picnicking. The city celebrates its cultural heritage with events like the annual Louisiana Peach Festival, honoring the region's agricultural roots. Winnsboro also offers a variety of recreational activities, including parks and sports facilities, making it a family-friendly environment. With a blend of history, community spirit, and natural beauty, Winnsboro is a hidden gem in Louisiana that reflects the essence of small-town life.

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