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Arcanum-Butler Local

Learn about the people, housing, costs and businesses in Arcanum-Butler Local, Ohio

Median Home$185,198
Median Rent$809/month
Population6,045
Leading IndustriesWholesale Trade · Retail12% wholesale trade
Home Value Growth⬆⬆+12.7% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners79% of occupied units
NotableAffordable Market$185k median home · lower cost than 68% of the country
Arcanum-Butler Local
OH

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Frequently Asked Questions

What are today's mortgage rates in Arcanum-Butler Local?

As of today, the 30-year fixed mortgage rate for Arcanum-Butler Local is approximately 6.994% (7.037% 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 Arcanum-Butler Local?

The median home value in Arcanum-Butler Local is $185k. The median monthly rent is $809. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Arcanum-Butler Local?

Home values in Arcanum-Butler Local have increased 12.7% 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 Arcanum-Butler Local?

Based on a typical all-in ownership cost of $911/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Arcanum-Butler Local is $75k/year.

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What industries drive the economy in Arcanum-Butler Local?

The largest employment sectors in Arcanum-Butler Local are public administration (24%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.