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Burton

Learn about the people, housing, costs and businesses in Burton, Ohio

Median Home$244,800
Median Rent$970/month
Population1,407
Leading IndustriesWholesale Trade · Retail · Professional Services14% wholesale trade
Home Value Growth⬆⬆⬆+28.3% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners77% of occupied units
Burton
OH

Frequently Asked Questions

What are today's mortgage rates in Burton?

As of today, the 30-year fixed mortgage rate for Burton is approximately 6.922% (6.959% 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 Burton?

The median home value in Burton is $245k. The median monthly rent is $970. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Burton?

Home values in Burton have increased 28.3% 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 Burton?

Based on a typical all-in ownership cost of $1,101/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Burton is $82k/year.

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What industries drive the economy in Burton?

The largest employment sectors in Burton are public administration (19%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.