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Sixteen Mile Stand

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

Median Home$531,980
Median Rent$1,617/month
Population3,227
Leading IndustriesHealthcare · Arts, Food & Hospitality · Public Administration23% healthcare
Home Value Growth⬆⬆+16.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners75% of occupied units
NotableHigh Incomes$152k/year · top 4% nationally
NotableHighly Educated32% bachelor's · 21% graduate · top 6% nationally
Sixteen Mile Stand
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 Sixteen Mile Stand?

As of today, the 30-year fixed mortgage rate for Sixteen Mile Stand is approximately 6.856% (6.891% 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 Sixteen Mile Stand?

The median home value in Sixteen Mile Stand is $532k. The median monthly rent is $1,617. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sixteen Mile Stand?

Home values in Sixteen Mile Stand have increased 16.1% 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 Sixteen Mile Stand?

Based on a typical all-in ownership cost of $2,020/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sixteen Mile Stand is $152k/year.

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What industries drive the economy in Sixteen Mile Stand?

The largest employment sectors in Sixteen Mile Stand are public administration (28%) and healthcare (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.