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Lowellville

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

Median Home$85,600
Median Rent$635/month
Population1,088
Leading IndustriesProfessional Services · Wholesale Trade · Healthcare4% professional services
Home Value Growth-4.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners67% of occupied units
NotableAffordable Market$86k median home · lower cost than 96% of the country
Lowellville
OH

Frequently Asked Questions

What are today's mortgage rates in Lowellville?

As of today, the 30-year fixed mortgage rate for Lowellville is approximately 7.544% (7.603% 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 Lowellville?

The median home value in Lowellville is $86k. The median monthly rent is $635. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lowellville?

Home values in Lowellville have decreased 4.7% over the past two years. Buyers may find more negotiating room in this market. 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 Lowellville?

Based on a typical all-in ownership cost of $610/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 Lowellville is $50k/year.

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What industries drive the economy in Lowellville?

The largest employment sectors in Lowellville are public administration (26%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.