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New Washington

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

Median Home$156,000
Median Rent$924/month
Population905
Leading IndustriesWholesale Trade · Healthcare · Arts, Food & Hospitality18% wholesale trade
Home Value Growth⬆⬆⬆+28.2% over 2 years
Young Adults35% of residentswell above average
Homeowners84% of occupied units
New Washington
OH

Frequently Asked Questions

What are today's mortgage rates in New Washington?

As of today, the 30-year fixed mortgage rate for New Washington is approximately 6.898% (6.934% 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 Washington?

The median home value in New Washington is $156k. The median monthly rent is $924. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Washington?

Home values in New Washington have increased 28.2% 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 Washington?

Based on a typical all-in ownership cost of $724/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 Washington is $66k/year.

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What industries drive the economy in New Washington?

The largest employment sectors in New Washington are wholesale trade (18%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.