Quick facts: Tipp city, OH

Quick Facts

95.5
Cost of Living
below US average
10,424
Population
11.99
Crime Rate per 1000
below US average
$74,178
Median Income
below US average
$379,900
Median House Price
above US average
$1050.0
Average Rent
below US average
5%
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 $74,178.

🏠

Income Needed to Buy

βœ— Stretch
$119k/year
Based on $379,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $119k vs median $74,178
🏒

Income Needed to Rent

βœ“ Affordable
$45k/year
Based on $1050.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($74,178) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tipp city, OH

Tipp City is a charming city located in Miami County, Ohio, known for its friendly community and small-town atmosphere. With a population of around 9,500 residents, Tipp City boasts a rich history and offers a mix of modern conveniences and historical charm. Historically, the city was founded in the early 19th century and has maintained many of its original structures, giving it a quaint and nostalgic feel. The downtown area is home to various local shops, cafes, and eateries, making it a popular spot for residents and visitors alike. Tipp City is also known for its excellent school system, which attracts families looking for quality education options. The city hosts several community events throughout the year, including the annual Tipp City Mum Festival, celebrating the local flower and fostering a sense of community pride. Outdoor enthusiasts can enjoy parks and recreational facilities, with a nearby canal offering opportunities for walking, biking, and fishing. Ultimately, Tipp City combines the advantages of rural living with easy access to larger urban centers like Dayton, making it an appealing place to call home.

πŸ” Search & Compare Places

First Location πŸ“