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Mineral Ridge

Learn about the people, housing, costs and businesses in Mineral Ridge, Ohio

Median Home$132,929
Median Rent$767/month
Population3,796
Leading IndustriesWholesale Trade · Retail · Finance & Insurance12% wholesale trade
Home Value Growth⬆⬆⬆+24.9% over 2 years
Retirees28% of residentswell above average
Homeowners84% of occupied units
NotableAmenity Score71/100 · highly walkable area
NotableAffordable Market$133k median home · lower cost than 80% of the country
Mineral Ridge
OH

Frequently Asked Questions

What are today's mortgage rates in Mineral Ridge?

As of today, the 30-year fixed mortgage rate for Mineral Ridge is approximately 7.142% (7.189% 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 Mineral Ridge?

The median home value in Mineral Ridge is $133k. The median monthly rent is $767. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mineral Ridge?

Home values in Mineral Ridge have increased 24.9% 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 Mineral Ridge?

Based on a typical all-in ownership cost of $768/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 Mineral Ridge is $57k/year.

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What industries drive the economy in Mineral Ridge?

The largest employment sectors in Mineral Ridge are public administration (23%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.