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Oolitic

Learn about the people, housing, costs and businesses in Oolitic, Indiana

Median Home$197,000
Median Rent$850/month
Population1,218
Leading IndustriesRetail · Wholesale Trade · Professional Services22% retail
Home Value Growth⬆⬆+14.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHighly Educated23% bachelor's · 12% graduate · top 23% nationally
Oolitic
IN

Frequently Asked Questions

What are today's mortgage rates in Oolitic?

As of today, the 30-year fixed mortgage rate for Oolitic is approximately 6.961% (7.002% 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 Oolitic?

The median home value in Oolitic is $197k. The median monthly rent is $850. Annual property taxes average $980. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oolitic?

Home values in Oolitic have increased 14.5% 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 Oolitic?

Based on a typical all-in ownership cost of $851/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 Oolitic is $85k/year.

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What industries drive the economy in Oolitic?

The largest employment sectors in Oolitic are public administration (23%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.