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Damascus

Learn about the people, housing, costs and businesses in Damascus, Ohio

Median Home$195,248
Median Rent$866/month
Population414
Leading IndustryRetail22% of local workforce
Home Value Growth⬆⬆⬆+24.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners90% of occupied units
NotableTransit88/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Damascus
OH

Frequently Asked Questions

What are today's mortgage rates in Damascus?

As of today, the 30-year fixed mortgage rate for Damascus is approximately 6.977% (7.019% 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 Damascus?

The median home value in Damascus is $195k. The median monthly rent is $866. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Damascus?

Home values in Damascus have increased 24.2% 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 Damascus?

Based on a typical all-in ownership cost of $784/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Damascus is $64k/year.

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What industries drive the economy in Damascus?

The largest employment sectors in Damascus are public administration (23%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.