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Edison Local (formerly Berlin-Milan)

Learn about the people, housing, costs and businesses in Edison Local (formerly Berlin-Milan), Ohio

Median Home$231,926
Median Rent$994/month
Population9,174
Leading IndustriesTransportation · Retail · Information & Media4% transportation
Home Value Growth⬆⬆+16.0% over 2 years
Retirees25% of residentsabove average nationally
Homeowners86% of occupied units
NotableHigh Incomes$89k/year · top 26% nationally
Edison Local (formerly Berlin-Milan)
OH

Explore Edison Local (formerly Berlin-Milan)

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Frequently Asked Questions

What are today's mortgage rates in Edison Local (formerly Berlin-Milan)?

As of today, the 30-year fixed mortgage rate for Edison Local (formerly Berlin-Milan) is approximately 6.989% (7.028% 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 Edison Local (formerly Berlin-Milan)
What is the median home price in Edison Local (formerly Berlin-Milan)?

The median home value in Edison Local (formerly Berlin-Milan) is $232k. The median monthly rent is $994. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Edison Local (formerly Berlin-Milan)?

Home values in Edison Local (formerly Berlin-Milan) have increased 16.0% 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 Edison Local (formerly Berlin-Milan)?

Based on a typical all-in ownership cost of $942/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Edison Local (formerly Berlin-Milan) is $89k/year.

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What industries drive the economy in Edison Local (formerly Berlin-Milan)?

The largest employment sectors in Edison Local (formerly Berlin-Milan) are public administration (23%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.