Quick facts: Pandora, OH

Quick Facts

96.4
Cost of Living
below US average
1,198
Population
12.52
Crime Rate per 1000
below US average
$64,708
Median Income
below US average
$209,900
Median House Price
above US average
$1363
Average Rent
below US average
7%
Poverty Rate
below US average
3.2%
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 $64,708.

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Income Needed to Buy

βœ— Stretch
$66k/year
Based on $209,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $66k vs median $64,708
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Income Needed to Rent

βœ“ Affordable
$58k/year
Based on $1363/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($64,708) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pandora, OH

Pandora is a small village located in Putnam County, Ohio, with a population of approximately 1,000 residents. Situated in the northwestern part of the state, Pandora offers a quaint, close-knit community atmosphere. The village is primarily rural, surrounded by picturesque farmland and beautiful countryside, making it an ideal spot for those who appreciate a quieter lifestyle away from the hustle and bustle of large cities. The local economy mainly revolves around agriculture, with many residents engaging in farming and related industries. The village features a number of small businesses and amenities that cater to the community’s needs, including schools, parks, and recreational activities. Pandora is conveniently located near larger cities such as Findlay and Lima, providing residents access to more extensive services, shopping, and entertainment options. The village is also near the scenic Ottawa River, which offers opportunities for outdoor activities like fishing and hiking. Overall, Pandora embodies the charm of small-town living while remaining connected to the vital resources of the surrounding area.

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