Quick facts: Rocky river, OH

Quick Facts

96.4
Cost of Living
below US average
21,346
Population
7.87
Crime Rate per 1000
below US average
$90,459
Median Income
above US average
$369,900
Median House Price
above US average
$2120.24
Average Rent
above US average
4%
Poverty Rate
below US average
4.2%
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 $90,459.

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Income Needed to Buy

βœ— Stretch
$116k/year
Based on $369,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $116k vs median $90,459
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Income Needed to Rent

⚠ Stretch
$91k/year
Based on $2120.24/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $91k vs median $90,459
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rocky river, OH

Rocky River is a charming suburban city located along the southern shore of Lake Erie in Cuyahoga County, Ohio. Just eight miles west of downtown Cleveland, it offers picturesque views of the lake and a vibrant community atmosphere. Known for its family-friendly environment, Rocky River features beautiful parks, top-rated schools, and a strong sense of community. The city has a rich history, with a mix of historic homes and modern buildings. Downtown Rocky River boasts a variety of shops, restaurants, and cafes, making it a popular destination for residents and visitors alike. The scenic Rocky River Reservation offers excellent opportunities for outdoor activities, including hiking, biking, and picnicking. Rocky River is also known for its highly regarded public library and active cultural scene, which includes art events and community programs. With its welcoming neighborhoods, strong community spirit, and convenient access to Cleveland's cultural amenities, Rocky River is an attractive place to live for families and individuals seeking a balanced lifestyle.

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