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Lake Seneca

Learn about the people, housing, costs and businesses in Lake Seneca, Ohio

Median Home$159,400
Median Rent$654/month
Population493
Leading IndustriesHealthcare · Education · Arts, Food & Hospitality12% healthcare
Home Value Growth+5.1% over 2 years
Young Adults33% of residentswell above average
Homeowners74% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$159k median home · lower cost than 70% of the country
Lake Seneca
OH

Frequently Asked Questions

What are today's mortgage rates in Lake Seneca?

As of today, the 30-year fixed mortgage rate for Lake Seneca is approximately 6.979% (7.021% 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 Lake Seneca?

The median home value in Lake Seneca is $159k. The median monthly rent is $654. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Seneca?

Home values in Lake Seneca have increased 5.1% over the past two years. This represents moderate growth. 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 Lake Seneca?

Based on a typical all-in ownership cost of $765/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Seneca is $64k/year.

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What industries drive the economy in Lake Seneca?

The largest employment sectors in Lake Seneca are public administration (21%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.