Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Choctaw Lake

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

Median Home$328,200
Population2,099
Leading IndustriesEducation · Information & Media · Finance & Insurance6% education
Home Value Growth⬆⬆⬆+37.0% over 2 years
Retirees24% of residentsslightly above average
Homeowners94% of occupied units
NotableHigh Incomes$123k/year · top 8% nationally
NotableVeteran Community11% of residents · top 9% nationally
Choctaw Lake
OH

Frequently Asked Questions

What are today's mortgage rates in Choctaw Lake?

As of today, the 30-year fixed mortgage rate for Choctaw Lake is approximately 6.883% (6.919% 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 Choctaw Lake
What is the median home price in Choctaw Lake?

The median home value in Choctaw Lake is $328k. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Choctaw Lake?

Home values in Choctaw Lake have increased 37.0% 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 Choctaw Lake?

Based on a typical all-in ownership cost of $1,578/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Choctaw Lake is $123k/year.

Calculate your buying power
What industries drive the economy in Choctaw Lake?

The largest employment sectors in Choctaw Lake are public administration (18%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.