Quick facts: Middle point, OH

Quick Facts

96.4
Cost of Living
below US average
565
Population
8.85
Crime Rate per 1000
below US average
$54,479
Median Income
below US average
$108,036
Median House Price
above US average
$1363
Average Rent
below US average
8%
Poverty Rate
below US average
4.5%
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 $54,479.

🏠

Income Needed to Buy

βœ“ Affordable
$34k/year
Based on $108,036 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($54,479) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1363/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $54,479
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Middle point, OH

Middle Point is a small village located in Van Wert County, Ohio. With a population of around 600 residents, it offers a tight-knit community atmosphere. The village covers a modest area and is known for its rural charm and friendly environment. Middle Point is primarily residential, featuring single-family homes and a few local businesses, contributing to the local economy. Its close proximity to larger towns like Van Wert provides residents with access to more extensive amenities, including shopping, dining, and recreational options. The village is nestled within a scenic landscape, characterized by agricultural fields and open spaces, making it an ideal spot for those who enjoy a quieter lifestyle. The community hosts various local events and gatherings, fostering a strong sense of community spirit. Being situated in northwest Ohio, Middle Point experiences four distinct seasons, with warm summers and cold winters. The area is served by local schools, ensuring educational opportunities for families residing in the village. Overall, Middle Point is a quaint, peaceful place to live, surrounded by the beauty of Ohio’s countryside.

πŸ” Search & Compare Places

First Location πŸ“