Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Canfield Local

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

Median Home$316,910
Median Rent$891/month
Population19,300
Leading IndustriesPublic Administration · Transportation · Education33% public administration
Home Value Growth⬆⬆+13.5% over 2 years
Retirees25% of residentsabove average nationally
Homeowners85% of occupied units
NotableHighly Educated30% bachelor's · 17% graduate · top 5% nationally
NotableHigh Incomes$99k/year · top 16% nationally
Canfield Local
OH

Frequently Asked Questions

What are today's mortgage rates in Canfield Local?

As of today, the 30-year fixed mortgage rate for Canfield Local is approximately 6.927% (6.964% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Canfield Local
What is the median home price in Canfield Local?

The median home value in Canfield Local is $317k. The median monthly rent is $891. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Canfield Local?

Home values in Canfield Local have increased 13.5% 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 Canfield Local?

Based on a typical all-in ownership cost of $1,262/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Canfield Local is $99k/year.

Calculate your buying power
What industries drive the economy in Canfield Local?

The largest employment sectors in Canfield Local are public administration (33%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.