Quick facts: Hudson, OH

Quick Facts

92.8
Cost of Living
below US average
22,917
Population
4.45
Crime Rate per 1000
below US average
$160,280
Median Income
above US average
$549,900
Median House Price
above US average
$2475.0
Average Rent
above US average
2%
Poverty Rate
below US average
3.5%
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 $160,280.

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Income Needed to Buy

βœ— Stretch
$173k/year
Based on $549,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $173k vs median $160,280
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Income Needed to Rent

βœ“ Affordable
$106k/year
Based on $2475.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($160,280) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hudson, OH

Hudson, Ohio, is a charming suburban city located in Summit County, approximately 30 miles south of Cleveland. Established in 1799, Hudson is known for its rich history, picturesque landscapes, and vibrant community. The city features a blend of historical architecture and modern amenities, with a quaint downtown area that boasts boutique shops, restaurants, and cultural attractions. Hudson is celebrated for its top-rated public schools and family-friendly environment, making it an attractive place for families. The city offers plenty of green spaces, including parks, nature reserves, and recreational facilities, encouraging outdoor activities such as hiking, biking, and sports. The Hudson International Film Festival and the Hudson Farmers Market highlight the city's commitment to arts and community engagement. The community is diverse, fostering a strong sense of belonging among residents. With easy access to major highways, Hudson provides a suburban escape with proximity to the cultural and economic opportunities of the Greater Cleveland area. The city's blend of tradition and modern living makes it a desirable place to call home.

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