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New Marshfield

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

Median Home$203,200
Median Rent$883/month
Population294
Leading IndustriesPublic Administration · Transportation49% public administration
Home Value Growth⬆⬆⬆+33.2% over 2 years
Retirees25% of residentsabove average nationally
Homeowners82% of occupied units
NotableTransit91/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
New Marshfield
OH

Frequently Asked Questions

What are today's mortgage rates in New Marshfield?

As of today, the 30-year fixed mortgage rate for New Marshfield is approximately 7.059% (7.101% 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 New Marshfield?

The median home value in New Marshfield is $203k. The median monthly rent is $883. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Marshfield?

Home values in New Marshfield have increased 33.2% 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 Marshfield?

Based on a typical all-in ownership cost of $900/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Marshfield is $74k/year.

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What industries drive the economy in New Marshfield?

The largest employment sectors in New Marshfield are public administration (49%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.