Quick facts: Piqua, OH

Quick Facts

96.4
Cost of Living
below US average
20,607
Population
33.53
Crime Rate per 1000
above US average
$55,379
Median Income
below US average
$210,000
Median House Price
above US average
$1013.5
Average Rent
below US average
10%
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 $55,379.

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Income Needed to Buy

βœ— Stretch
$66k/year
Based on $210,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $66k vs median $55,379
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Income Needed to Rent

βœ“ Affordable
$43k/year
Based on $1013.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($55,379) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Piqua, OH

Piqua, Ohio, is a charming city located in the southwestern part of the state, primarily within Miami County. With a population of around 20,000, Piqua boasts a rich history that dates back to its founding in the early 19th century. The city was once a significant hub during the Miami Valley's agricultural boom and has retained much of its historical charm. One of Piqua's most notable features is its picturesque downtown area, filled with unique shops, dining options, and historic architecture. Local attractions include the Piqua Historical Area Historical Park, showcasing Native American history and early settlement life, and the Johnston Farm and Indian Agency, which offers insights into the region's past. Outdoor enthusiasts will appreciate the numerous parks and recreational activities available, including hiking and biking trails along the Great Miami River. The city also hosts various community events and festivals throughout the year, fostering a strong sense of community. Overall, Piqua is a welcoming small city with a blend of history, outdoor recreation, and a vibrant community atmosphere.

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