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Gibsonburg Exempted

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

Median Home$163,741
Median Rent$699/month
Population5,177
Leading IndustriesRetail · Transportation · Manufacturing25% retail
Home Value Growth⬆⬆⬆+34.6% over 2 years
Young Adults26% of residents
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
NotableAffordable Market$164k median home · lower cost than 78% of the country
Gibsonburg Exempted Village
OH

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Frequently Asked Questions

What are today's mortgage rates in Gibsonburg Exempted?

As of today, the 30-year fixed mortgage rate for Gibsonburg Exempted is approximately 7.101% (7.147% 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 Gibsonburg Exempted?

The median home value in Gibsonburg Exempted is $164k. The median monthly rent is $699. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gibsonburg Exempted?

Home values in Gibsonburg Exempted have increased 34.6% 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 Gibsonburg Exempted?

Based on a typical all-in ownership cost of $944/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gibsonburg Exempted is $81k/year.

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What industries drive the economy in Gibsonburg Exempted?

The largest employment sectors in Gibsonburg Exempted are retail (25%) and public administration (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.