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Kelleys Island

Learn about the people, housing, costs and businesses in Kelleys Island, Ohio

Median Home$267,500
Median Rent$1,082/month
Population257
Leading IndustriesProfessional Services · Education · Public Administration4% professional services
Home Value Growth⬆⬆+14.5% over 2 years
Retirees34% of residentstop 4% nationally
Homeowners86% of occupied units
NotableAmenity Score89/100 · highly walkable area
NotableTransit94/100 · excellent transit access
Kelleys Island
OH

Frequently Asked Questions

What are today's mortgage rates in Kelleys Island?

As of today, the 30-year fixed mortgage rate for Kelleys Island is approximately 7.059% (7.101% 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 Kelleys Island?

The median home value in Kelleys Island is $268k. The median monthly rent is $1,082. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Kelleys Island?

Home values in Kelleys Island have increased 14.5% 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 Kelleys Island?

Based on a typical all-in ownership cost of $1,139/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kelleys Island is $88k/year.

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What industries drive the economy in Kelleys Island?

The largest employment sectors in Kelleys Island are public administration (27%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.