Quick facts: Conneaut, OH

Quick Facts

96.4
Cost of Living
below US average
12,400
Population
12.26
Crime Rate per 1000
below US average
$55,708
Median Income
below US average
$129,900
Median House Price
above US average
$1363
Average Rent
below US average
10%
Poverty Rate
below US average
5.0%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $55,708.

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Income Needed to Buy

βœ“ Affordable
$41k/year
Based on $129,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,708) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1363/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $55,708
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Conneaut, OH

Conneaut is a charming city located in Ashtabula County in northeastern Ohio, along the shores of Lake Erie. With a population of around 12,000 residents, Conneaut offers a small-town atmosphere with a rich history and beautiful natural surroundings. The city is notable for its vibrant community and active local events, such as the annual Conneaut Lake Park festivities. Outdoor enthusiasts can enjoy various recreational activities, including fishing, boating, and hiking, particularly in the scenic parks and trails near Lake Erie. The nearby Conneaut Creek is a popular spot for trout fishing, attracting anglers from within and outside the area. Historically, Conneaut was a significant harbor town in the 19th century, and remnants of its past can still be seen in the architecture and the local museum, which showcases the city's maritime history. The city's proximity to the Ohio-Pennsylvania border also makes it an ideal spot for those looking to explore regional attractions in both states. Overall, Conneaut provides a blend of historical charm and natural beauty, making it a delightful destination for residents and visitors alike.

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