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Brookfield Local

Learn about the people, housing, costs and businesses in Brookfield Local, Ohio

Median Home$133,050
Median Rent$746/month
Population8,404
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade9% finance & insurance
Home Value Growth⬆⬆+19.6% over 2 years
Retirees27% of residentswell above average
Homeowners75% of occupied units
NotableAffordable Market$133k median home · lower cost than 89% of the country
NotableVeteran Community9% of residents · top 15% nationally
Brookfield Local
OH

Frequently Asked Questions

What are today's mortgage rates in Brookfield Local?

As of today, the 30-year fixed mortgage rate for Brookfield Local is approximately 7.164% (7.211% 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 Brookfield Local?

The median home value in Brookfield Local is $133k. The median monthly rent is $746. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Brookfield Local?

Home values in Brookfield Local have increased 19.6% 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 Brookfield Local?

Based on a typical all-in ownership cost of $674/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Brookfield Local is $52k/year.

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What industries drive the economy in Brookfield Local?

The largest employment sectors in Brookfield Local are public administration (25%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.