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Wellsville Local

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

Median Home$94,678
Median Rent$921/month
Population4,358
Leading IndustriesInformation & Media · Finance & Insurance11% information & media
Home Value Growth⬆⬆+12.3% over 2 years
Young Adults29% of residentsslightly above average
Homeowners62% of occupied units
NotableAffordable Market$95k median home · lower cost than 98% of the country
Wellsville Local
OH

Frequently Asked Questions

What are today's mortgage rates in Wellsville Local?

As of today, the 30-year fixed mortgage rate for Wellsville Local is approximately 7.625% (7.941% 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 Wellsville Local?

The median home value in Wellsville Local is $95k. The median monthly rent is $921. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wellsville Local?

Home values in Wellsville Local have increased 12.3% 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 Wellsville Local?

Based on a typical all-in ownership cost of $813/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wellsville Local is $44k/year.

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What industries drive the economy in Wellsville Local?

The largest employment sectors in Wellsville Local are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.