Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Edison Local

Learn about the people, housing, costs and businesses in Edison Local, Ohio

Median Home$147,936
Median Rent$867/month
Population13,685
Leading IndustriesInformation & Media · Wholesale Trade · Finance & Insurance10% information & media
Home Value Growth⬆⬆+14.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners84% of occupied units
NotableAffordable Market$148k median home · lower cost than 85% of the country
NotableVeteran Community8% of residents · top 27% nationally
Edison Local
OH

Frequently Asked Questions

What are today's mortgage rates in Edison Local?

As of today, the 30-year fixed mortgage rate for Edison Local is approximately 6.966% (7.008% 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
What is the median home price in Edison Local?

The median home value in Edison Local is $148k. The median monthly rent is $867. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Edison Local?

Home values in Edison Local have increased 14.0% 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?

Based on a typical all-in ownership cost of $769/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 Edison Local is $71k/year.

Calculate your buying power
What industries drive the economy in Edison Local?

The largest employment sectors in Edison Local are public administration (24%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.