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Minford Local

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

Median Home$166,319
Median Rent$762/month
Population7,435
Leading IndustriesProfessional Services · Public Administration3% professional services
Home Value Growth⬆⬆+12.3% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners80% of occupied units
NotableAffordable Market$166k median home · lower cost than 76% of the country
Minford Local
OH

Frequently Asked Questions

What are today's mortgage rates in Minford Local?

As of today, the 30-year fixed mortgage rate for Minford Local is approximately 6.981% (7.023% 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 Minford Local?

The median home value in Minford Local is $166k. The median monthly rent is $762. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Minford Local?

Home values in Minford Local have increased 12.3% 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 Minford Local?

Based on a typical all-in ownership cost of $831/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Minford Local is $66k/year.

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What industries drive the economy in Minford Local?

The largest employment sectors in Minford Local are public administration (28%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.