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Lockbourne

Learn about the people, housing, costs and businesses in Lockbourne, Ohio

Median Home$217,800
Median Rent$1,438/month
Population248
Leading IndustriesFinance & Insurance · Education · Construction8% finance & insurance
Home Value Growth+10.2% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners83% of occupied units
Lockbourne
OH

Frequently Asked Questions

What are today's mortgage rates in Lockbourne?

As of today, the 30-year fixed mortgage rate for Lockbourne 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 Lockbourne?

The median home value in Lockbourne is $218k. The median monthly rent is $1,438. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lockbourne?

Home values in Lockbourne have increased 10.2% 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 Lockbourne?

Based on a typical all-in ownership cost of $1,179/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lockbourne is $74k/year.

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What industries drive the economy in Lockbourne?

The largest employment sectors in Lockbourne are public administration (20%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.