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Leipsic Local

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

Median Home$159,514
Median Rent$1,070/month
Population3,685
Leading IndustriesRetail · Information & Media · Construction28% retail
Home Value Growth⬆⬆+12.8% over 2 years
Family-Friendly28% of residentstop 4% nationally
Homeowners80% of occupied units
Leipsic Local
OH

Frequently Asked Questions

What are today's mortgage rates in Leipsic Local?

As of today, the 30-year fixed mortgage rate for Leipsic Local is approximately 7.345% (7.396% 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 Leipsic Local?

The median home value in Leipsic Local is $160k. The median monthly rent is $1,070. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leipsic Local?

Home values in Leipsic Local have increased 12.8% 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 Leipsic Local?

Based on a typical all-in ownership cost of $998/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leipsic Local is $79k/year.

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What industries drive the economy in Leipsic Local?

The largest employment sectors in Leipsic Local are retail (28%) and public administration (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.