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Chippewa Lake

Learn about the people, housing, costs and businesses in Chippewa Lake, Ohio

Median Home$257,400
Median Rent$1,281/month
Population677
Leading IndustriesRetail · Transportation · Finance & Insurance16% retail
Home Value Growth⬆⬆⬆+29.5% over 2 years
Young Adults24% of residents
Homeowners89% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableTransit82/100 · excellent transit access
Chippewa Lake
OH

Frequently Asked Questions

What are today's mortgage rates in Chippewa Lake?

As of today, the 30-year fixed mortgage rate for Chippewa Lake is approximately 6.952% (6.990% 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 Chippewa Lake?

The median home value in Chippewa Lake is $257k. The median monthly rent is $1,281. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chippewa Lake?

Home values in Chippewa Lake have increased 29.5% 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 Chippewa Lake?

Based on a typical all-in ownership cost of $1,157/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chippewa Lake is $93k/year.

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What industries drive the economy in Chippewa Lake?

The largest employment sectors in Chippewa Lake are public administration (18%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.