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Elmwood Place

Learn about the people, housing, costs and businesses in Elmwood Place, Ohio

Median Home$69,900
Median Rent$1,067/month
Population2,466
Leading IndustriesTransportation · Healthcare6% transportation
Home Value Growth⬆⬆+11.0% over 2 years
Family-Friendly33% of residentstop 2% nationally
Renters63% of occupied units
Elmwood Place
OH

Frequently Asked Questions

What are today's mortgage rates in Elmwood Place?

As of today, the 30-year fixed mortgage rate for Elmwood Place is approximately 7.332% (7.383% 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 Elmwood Place?

The median home value in Elmwood Place is $70k. The median monthly rent is $1,067. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elmwood Place?

Home values in Elmwood Place have increased 11.0% 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 Elmwood Place?

Based on a typical all-in ownership cost of $1,034/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elmwood Place is $45k/year.

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What industries drive the economy in Elmwood Place?

The largest employment sectors in Elmwood Place are public administration (14%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.