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Park Layne

Learn about the people, housing, costs and businesses in Park Layne, Ohio

Median Home$127,383
Median Rent$871/month
Population4,245
Leading IndustriesProfessional Services · Education · Arts, Food & Hospitality2% professional services
Home Value Growth⬆⬆⬆+28.8% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners82% of occupied units
Park Layne
OH

Frequently Asked Questions

What are today's mortgage rates in Park Layne?

As of today, the 30-year fixed mortgage rate for Park Layne is approximately 6.933% (6.970% 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 Park Layne?

The median home value in Park Layne is $127k. The median monthly rent is $871. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Park Layne?

Home values in Park Layne have increased 28.8% 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 Park Layne?

Based on a typical all-in ownership cost of $877/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Park Layne is $69k/year.

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What industries drive the economy in Park Layne?

The largest employment sectors in Park Layne are public administration (25%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.