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Southwest Licking Local

Learn about the people, housing, costs and businesses in Southwest Licking Local, Ohio

Median Home$327,130
Median Rent$1,401/month
Population28,708
Leading IndustriesFinance & Insurance · Information & Media · Transportation7% finance & insurance
Home Value Growth⬆⬆⬆+21.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners81% of occupied units
NotableHigh Incomes$106k/year · top 11% nationally
Southwest Licking Local
OH

Explore Southwest Licking Local

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

Frequently Asked Questions

What are today's mortgage rates in Southwest Licking Local?

As of today, the 30-year fixed mortgage rate for Southwest Licking Local is approximately 6.915% (6.952% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Southwest Licking Local
What is the median home price in Southwest Licking Local?

The median home value in Southwest Licking Local is $327k. The median monthly rent is $1,401. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Southwest Licking Local?

Home values in Southwest Licking Local have increased 21.4% 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 Southwest Licking Local?

Based on a typical all-in ownership cost of $1,629/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Southwest Licking Local is $106k/year.

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What industries drive the economy in Southwest Licking Local?

The largest employment sectors in Southwest Licking Local are public administration (23%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.