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Hanging Rock

Learn about the people, housing, costs and businesses in Hanging Rock, Ohio

Median Home$88,000
Median Rent$850/month
Population209
Leading IndustriesPublic Administration · Manufacturing35% public administration
Home Value Growth⬆⬆+15.0% over 2 years
Family-Friendly31% of residentstop 3% nationally
Homeowners87% of occupied units
Hanging Rock
OH

Frequently Asked Questions

What are today's mortgage rates in Hanging Rock?

As of today, the 30-year fixed mortgage rate for Hanging Rock is approximately 7.041% (7.085% 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 Hanging Rock?

The median home value in Hanging Rock is $88k. The median monthly rent is $850. Annual property taxes average $913. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hanging Rock?

Home values in Hanging Rock have increased 15.0% 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 Hanging Rock?

Based on a typical all-in ownership cost of $677/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hanging Rock is $61k/year.

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What industries drive the economy in Hanging Rock?

The largest employment sectors in Hanging Rock are public administration (35%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.