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LaBrae Local

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

Median Home$108,395
Median Rent$691/month
Population7,621
Leading IndustriesRetail · Transportation19% retail
Home Value Growth+10.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners76% of occupied units
NotableAffordable Market$108k median home · lower cost than 95% of the country
NotableVeteran Community10% of residents · top 9% nationally
LaBrae Local
OH

Frequently Asked Questions

What are today's mortgage rates in LaBrae Local?

As of today, the 30-year fixed mortgage rate for LaBrae Local is approximately 7.084% (7.129% 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 LaBrae Local?

The median home value in LaBrae Local is $108k. The median monthly rent is $691. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in LaBrae Local?

Home values in LaBrae Local have increased 10.8% 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 LaBrae Local?

Based on a typical all-in ownership cost of $598/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in LaBrae Local is $45k/year.

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What industries drive the economy in LaBrae Local?

The largest employment sectors in LaBrae Local are retail (19%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.