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Conneaut

Learn about the people, housing, costs and businesses in Conneaut, Pennsylvania

Median Home$144,250
Median Rent$841/month
Population16,689
Leading IndustriesRetail · Manufacturing22% retail
Home Value Growth⬆⬆+14.9% over 2 years
Retirees26% of residentswell above average
Homeowners80% of occupied units
NotableVeteran Community13% of residents · top 2% nationally
NotableAffordable Market$144k median home · lower cost than 86% of the country
Conneaut
PA

Frequently Asked Questions

What are today's mortgage rates in Conneaut?

As of today, the 30-year fixed mortgage rate for Conneaut is approximately 7.089% (7.135% 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 Conneaut?

The median home value in Conneaut is $144k. The median monthly rent is $841. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Conneaut?

Home values in Conneaut have increased 14.9% 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 Conneaut?

Based on a typical all-in ownership cost of $771/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 Conneaut is $60k/year.

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What industries drive the economy in Conneaut?

The largest employment sectors in Conneaut are public administration (25%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.