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Southwest Local

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

Median Home$215,541
Median Rent$1,152/month
Population27,729
Leading IndustriesTransportation · Retail · Wholesale Trade3% transportation
Home Value Growth⬆⬆+18.3% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners75% of occupied units
Southwest Local
OH

Frequently Asked Questions

What are today's mortgage rates in Southwest Local?

As of today, the 30-year fixed mortgage rate for Southwest Local is approximately 6.958% (6.996% 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 Southwest Local?

The median home value in Southwest Local is $216k. The median monthly rent is $1,152. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Southwest Local?

Home values in Southwest Local have increased 18.3% 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 Local?

Based on a typical all-in ownership cost of $1,231/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Southwest Local is $82k/year.

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What industries drive the economy in Southwest Local?

The largest employment sectors in Southwest Local are public administration (21%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.