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Galion

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

Median Home$125,105
Median Rent$864/month
Population10,081
Leading IndustryRetail26% of local workforce
Home Value Growth⬆⬆⬆+33.6% over 2 years
Retirees21% of residentsnear the national average
Homeowners63% of occupied units
NotableAmenity Score70/100 · highly walkable area
Galion
OH

Frequently Asked Questions

What are today's mortgage rates in Galion?

As of today, the 30-year fixed mortgage rate for Galion is approximately 7.203% (7.251% 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 Galion?

The median home value in Galion is $125k. The median monthly rent is $864. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Galion?

Home values in Galion have increased 33.6% 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 Galion?

Based on a typical all-in ownership cost of $826/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Galion is $55k/year.

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What industries drive the economy in Galion?

The largest employment sectors in Galion are retail (26%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.