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Magnetic Springs

Learn about the people, housing, costs and businesses in Magnetic Springs, Ohio

Median Home$241,100
Median Rent$871/month
Population291
Leading IndustriesEducation · Information & Media · Wholesale Trade4% education
Home Value Growth⬆⬆+14.7% over 2 years
Young Adults27% of residentsnear the national average
Homeowners85% of occupied units
NotableHigh Incomes$87k/year · top 28% nationally
Magnetic Springs
OH

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Magnetic Springs?

As of today, the 30-year fixed mortgage rate for Magnetic Springs is approximately 7.032% (7.073% 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 Magnetic Springs?

The median home value in Magnetic Springs is $241k. The median monthly rent is $871. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Magnetic Springs?

Home values in Magnetic Springs have increased 14.7% 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 Magnetic Springs?

Based on a typical all-in ownership cost of $1,202/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Magnetic Springs is $87k/year.

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What industries drive the economy in Magnetic Springs?

The largest employment sectors in Magnetic Springs are retail (18%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.