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Wooster

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

Median Home$209,669
Median Rent$914/month
Population30,024
Leading IndustriesPublic Administration · Retail · Professional Services32% public administration
Home Value Growth⬆⬆+16.8% over 2 years
Young Adults37% of residentstop 3% nationally
Homeowners71% of occupied units
Wooster
OH

Frequently Asked Questions

What are today's mortgage rates in Wooster?

As of today, the 30-year fixed mortgage rate for Wooster is approximately 6.997% (7.037% 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 Wooster?

The median home value in Wooster is $210k. The median monthly rent is $914. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wooster?

Home values in Wooster have increased 16.8% 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 Wooster?

Based on a typical all-in ownership cost of $995/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wooster is $75k/year.

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What industries drive the economy in Wooster?

The largest employment sectors in Wooster are public administration (32%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.