Quick facts: Germantown, OH

Quick Facts

96.4
Cost of Living
below US average
5,803
Population
8.62
Crime Rate per 1000
below US average
$86,524
Median Income
above US average
$299,000
Median House Price
above US average
$1187.5
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $86,524.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $86,524
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Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1187.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($86,524) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Germantown, OH

Germantown is a small village located in southwestern Ohio, primarily within Montgomery County, with a portion extending into Warren County. Established in the early 19th century, it has maintained its charming, small-town atmosphere while catering to modern living. Germantown boasts a rich history, reflected in its well-preserved architecture and local landmarks, including the historic Germantown Mill. The village is known for its strong sense of community, with various local events and festivals that foster neighborly connections. Residents enjoy access to several parks, such as the picturesque Germantown MetroPark, which offers hiking and outdoor recreational opportunities, making it ideal for nature lovers. Education in Germantown is served by the Valley View Local Schools district, emphasizing academic excellence and community involvement. With a variety of local businesses and dining options, the village offers a cozy lifestyle balanced with convenient access to larger metropolitan areas like Dayton, just a short drive away. Germantown's blend of history, community spirit, and natural beauty makes it a delightful place to live or visit.

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