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Patrick Henry Local

Learn about the people, housing, costs and businesses in Patrick Henry Local, Ohio

Median Home$158,136
Median Rent$847/month
Population5,311
Leading IndustriesRetail · Wholesale Trade · Professional Services26% retail
Home Value Growth⬆⬆⬆+21.5% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners83% of occupied units
NotableAffordable Market$158k median home · lower cost than 80% of the country
Patrick Henry Local
OH

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Patrick Henry Local?

As of today, the 30-year fixed mortgage rate for Patrick Henry Local is approximately 7.088% (7.134% 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 Patrick Henry Local?

The median home value in Patrick Henry Local is $158k. The median monthly rent is $847. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Patrick Henry Local?

Home values in Patrick Henry Local have increased 21.5% 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 Patrick Henry Local?

Based on a typical all-in ownership cost of $859/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Patrick Henry Local is $71k/year.

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What industries drive the economy in Patrick Henry Local?

The largest employment sectors in Patrick Henry Local are retail (26%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.