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New Miami

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

Median Home$112,299
Median Rent$1,069/month
Population2,214
Leading IndustriesWholesale Trade · Finance & Insurance · Professional Services14% wholesale trade
Home Value Growth⬆⬆⬆+56.5% over 2 years
Young Adults26% of residents
Homeowners58% of occupied units
New Miami
OH

Frequently Asked Questions

What are today's mortgage rates in New Miami?

As of today, the 30-year fixed mortgage rate for New Miami is approximately 7.343% (7.394% 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 Miami?

The median home value in New Miami is $112k. The median monthly rent is $1,069. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Miami?

Home values in New Miami have increased 56.5% 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 Miami?

Based on a typical all-in ownership cost of $980/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Miami is $44k/year.

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What industries drive the economy in New Miami?

The largest employment sectors in New Miami are public administration (25%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.