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Groveport Madison Local

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

Median Home$218,116
Median Rent$1,269/month
Population50,774
Leading IndustriesFinance & Insurance · Information & Media12% finance & insurance
Home Value Growth⬆⬆⬆+22.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners52% of occupied units
Groveport Madison Local
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 Groveport Madison Local?

As of today, the 30-year fixed mortgage rate for Groveport Madison Local is approximately 7.017% (7.057% 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 Groveport Madison Local?

The median home value in Groveport Madison Local is $218k. The median monthly rent is $1,269. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Groveport Madison Local?

Home values in Groveport Madison Local have increased 22.1% 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 Groveport Madison Local?

Based on a typical all-in ownership cost of $1,281/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Groveport Madison Local is $70k/year.

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What industries drive the economy in Groveport Madison Local?

The largest employment sectors in Groveport Madison Local are public administration (23%) and information and media (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.