Quick facts: Fort recovery, OH

Quick Facts

90.5
Cost of Living
below US average
1,478
Population
7.44
Crime Rate per 1000
below US average
$64,013
Median Income
below US average
$249,900
Median House Price
above US average
$1178
Average Rent
below US average
7%
Poverty Rate
below US average
3.0%
Unemployment Rate
below 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 $64,013.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $249,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $64,013
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Income Needed to Rent

βœ“ Affordable
$50k/year
Based on $1178/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($64,013) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fort recovery, OH

Fort Recovery is a small village located in Mercer County, Ohio. With a population of just under 1,500 residents, it is known for its tight-knit community and rich history. The village was founded in 1794 and is named after the historic Fort Recovery, which was built during the Northwest Indian War. Fort Recovery is characterized by its picturesque rural setting and a number of local parks that offer recreational opportunities for residents and visitors alike. The area is primarily residential, featuring a mix of traditional homes and newer developments. The village hosts several community events throughout the year, fostering a strong sense of local pride. Agriculture plays a significant role in the economy, surrounding the town, and small businesses contribute to the local identity. Fort Recovery is also home to several historical sites, including the Fort Recovery State Museum, which offers insights into the area's past. Overall, Fort Recovery combines historical charm with a welcoming community atmosphere, making it a unique place to live and visit in Ohio.

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