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Garaway Local

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

Median Home$231,207
Median Rent$865/month
Population11,972
Leading IndustriesRetail · Wholesale Trade · Construction27% retail
Home Value Growth⬆⬆+20.8% over 2 years
Family-Friendly28% of residentstop 4% nationally
Homeowners78% of occupied units
Garaway Local
OH

Frequently Asked Questions

What are today's mortgage rates in Garaway Local?

As of today, the 30-year fixed mortgage rate for Garaway Local is approximately 6.969% (7.011% 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 Garaway Local?

The median home value in Garaway Local is $231k. The median monthly rent is $865. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Garaway Local?

Home values in Garaway Local have increased 20.8% 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 Garaway Local?

Based on a typical all-in ownership cost of $887/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Garaway Local is $75k/year.

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What industries drive the economy in Garaway Local?

The largest employment sectors in Garaway Local are retail (27%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.