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Seven Mile

Learn about the people, housing, costs and businesses in Seven Mile, Ohio

Median Home$204,531
Median Rent$1,069/month
Population727
Leading IndustriesWholesale Trade · Finance & Insurance · Arts, Food & Hospitality11% wholesale trade
Home Value Growth⬆⬆+12.8% over 2 years
Young Adults24% of residents
Homeowners89% of occupied units
Seven Mile
OH

Frequently Asked Questions

What are today's mortgage rates in Seven Mile?

As of today, the 30-year fixed mortgage rate for Seven Mile is approximately 6.977% (7.016% 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 Seven Mile?

The median home value in Seven Mile is $205k. The median monthly rent is $1,069. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Seven Mile?

Home values in Seven Mile have increased 12.8% 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 Seven Mile?

Based on a typical all-in ownership cost of $1,010/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Seven Mile is $78k/year.

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What industries drive the economy in Seven Mile?

The largest employment sectors in Seven Mile are public administration (19%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.