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Chippewa Park

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

Median Home$122,600
Median Rent$936/month
Population841
Leading IndustryRetail20% of local workforce
Home Value Growth⬆⬆+20.0% over 2 years
Retirees22% of residentsnear the national average
Homeowners88% of occupied units
Chippewa Park
OH

Frequently Asked Questions

What are today's mortgage rates in Chippewa Park?

As of today, the 30-year fixed mortgage rate for Chippewa Park is approximately 7.059% (7.101% 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 Park?

The median home value in Chippewa Park is $123k. The median monthly rent is $936. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chippewa Park?

Home values in Chippewa Park have increased 20.0% 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 Park?

Based on a typical all-in ownership cost of $778/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chippewa Park is $54k/year.

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What industries drive the economy in Chippewa Park?

The largest employment sectors in Chippewa Park are public administration (24%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.