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Fairport Harbor Exempted

Learn about the people, housing, costs and businesses in Fairport Harbor Exempted, Ohio

Median Home$147,594
Median Rent$974/month
Population3,103
Leading IndustryRetail25% of local workforce
Home Value Growth⬆⬆⬆+21.2% over 2 years
Young Adults34% of residentswell above average
Homeowners58% of occupied units
Fairport Harbor Exempted Village
OH

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Fairport Harbor Exempted?

As of today, the 30-year fixed mortgage rate for Fairport Harbor Exempted is approximately 7.080% (7.125% 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 Fairport Harbor Exempted?

The median home value in Fairport Harbor Exempted is $148k. The median monthly rent is $974. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairport Harbor Exempted?

Home values in Fairport Harbor Exempted have increased 21.2% 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 Fairport Harbor Exempted?

Based on a typical all-in ownership cost of $973/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairport Harbor Exempted is $52k/year.

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What industries drive the economy in Fairport Harbor Exempted?

The largest employment sectors in Fairport Harbor Exempted are retail (25%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.