Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

New Bavaria

Learn about the people, housing, costs and businesses in New Bavaria, Ohio

Median Home$150,000
Median Rent$806/month
Population82
Leading IndustriesManufacturing · Finance & Insurance · Information & Media4% manufacturing
Home Value Growth⬆⬆+20.6% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners89% of occupied units
NotableAffordable Market$150k median home · lower cost than 74% of the country
New Bavaria
OH

Frequently Asked Questions

What are today's mortgage rates in New Bavaria?

As of today, the 30-year fixed mortgage rate for New Bavaria is approximately 7.381% (7.434% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for New Bavaria
What is the median home price in New Bavaria?

The median home value in New Bavaria is $150k. The median monthly rent is $806. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Bavaria?

Home values in New Bavaria have increased 20.6% 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 New Bavaria?

Based on a typical all-in ownership cost of $731/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Bavaria is $77k/year.

Calculate your buying power
What industries drive the economy in New Bavaria?

The largest employment sectors in New Bavaria are retail (16%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.