Quick facts: Rayland, OH

Quick Facts

96.4
Cost of Living
below US average
384
Population
93.75
Crime Rate per 1000
above US average
$56,875
Median Income
below US average
$184,000
Median House Price
above US average
$900.0
Average Rent
below US average
16%
Poverty Rate
above 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 $56,875.

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Income Needed to Buy

βœ— Stretch
$58k/year
Based on $184,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $58k vs median $56,875
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Income Needed to Rent

βœ“ Affordable
$39k/year
Based on $900.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($56,875) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rayland, OH

Rayland is a small village located in Jefferson County, Ohio, with a rich history tied to the region's coal mining industry. Nestled along the banks of the Ohio River, Rayland offers a quaint, close-knit community atmosphere, making it an appealing place for those seeking a quiet lifestyle. The village is characterized by its modest homes and local parks, providing residents with a sense of rural charm. Although it has a small population, Rayland is strategically located near larger cities like Steubenville and Wheeling, West Virginia, which offer additional amenities, shopping, and entertainment options. The local economy primarily reflects the legacy of industrial activities, but the area is also transitioning toward more diverse economic opportunities. Recreation in the vicinity includes access to the Ohio River, where residents can engage in fishing, boating, and other water activities. The scenic landscapes surrounding Rayland are perfect for hiking and exploring nature. Overall, Rayland embodies the spirit of small-town America, with a strong sense of community and a commitment to preserving its heritage while adapting to the modern world.

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