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Ada Exempted

Learn about the people, housing, costs and businesses in Ada Exempted, Ohio

Median Home$158,107
Median Rent$869/month
Population7,313
Leading IndustriesPublic Administration · Retail35% public administration
Home Value Growth⬆⬆+19.0% over 2 years
Young Adults64% of residentstop 1% nationally
Homeowners58% of occupied units
NotableHighly Educated29% hold a bachelor's degree · top 6% nationally
NotableAffordable Market$158k median home · lower cost than 80% of the country
Ada Exempted Village
OH

Frequently Asked Questions

What are today's mortgage rates in Ada Exempted?

As of today, the 30-year fixed mortgage rate for Ada Exempted is approximately 7.019% (7.063% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Ada Exempted?

The median home value in Ada Exempted is $158k. The median monthly rent is $869. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ada Exempted?

Home values in Ada Exempted have increased 19.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Ada Exempted?

Based on a typical all-in ownership cost of $895/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ada Exempted is $54k/year.

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What industries drive the economy in Ada Exempted?

The largest employment sectors in Ada Exempted are public administration (35%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.