Quick facts: Swanton, OH

Quick Facts

96.4
Cost of Living
below US average
3,861
Population
8.29
Crime Rate per 1000
below US average
$67,367
Median Income
below US average
$289,900
Median House Price
above US average
$1363
Average Rent
below US average
8%
Poverty Rate
below US average
3.5%
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 $67,367.

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Income Needed to Buy

βœ— Stretch
$91k/year
Based on $289,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $91k vs median $67,367
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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 ($67,367) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Swanton, OH

Swanton is a small village located in Fulton County, Ohio. Nestled just west of the larger city of Toledo, Swanton serves as a suburban community with a friendly atmosphere. It boasts a mix of residential neighborhoods and local businesses, making it a charming place to live or visit. The village is known for its family-friendly environment and offers various parks and recreational activities for residents and visitors alike. The Swanton Recreation Center provides facilities for sports, events, and fitness activities. Swanton has a rich agricultural heritage and celebrates its community spirit through various events and festivals throughout the year, fostering a close-knit community vibe. The area's schools are part of the Swanton Local School District, which is known for its commitment to education. In terms of accessibility, Swanton is conveniently located near major highways, making it easy to travel to larger cities for work or leisure. Whether you're exploring its quaint downtown or enjoying the surrounding natural beauty, Swanton offers a pleasant experience for anyone seeking a taste of small-town Ohio.

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