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Stratton

Learn about the people, housing, costs and businesses in Stratton, Ohio

Median Home$149,053
Median Rent$889/month
Population279
Leading IndustriesProfessional Services · Finance & Insurance · Education2% professional services
Home Value Growth-1.0% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners90% of occupied units
Stratton
OH

Frequently Asked Questions

What are today's mortgage rates in Stratton?

As of today, the 30-year fixed mortgage rate for Stratton is approximately 6.941% (6.979% 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 Stratton?

The median home value in Stratton is $149k. The median monthly rent is $889. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Stratton?

Home values in Stratton have decreased 1.0% over the past two years. Buyers may find more negotiating room in this market. 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 Stratton?

Based on a typical all-in ownership cost of $797/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Stratton is $70k/year.

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What industries drive the economy in Stratton?

The largest employment sectors in Stratton are public administration (23%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.