Quick facts: Wapakoneta, OH

Quick Facts

96.4
Cost of Living
below US average
9,776
Population
18.41
Crime Rate per 1000
below US average
$63,008
Median Income
below US average
$299,900
Median House Price
above US average
$987.25
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 $63,008.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $63,008
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Income Needed to Rent

βœ“ Affordable
$42k/year
Based on $987.25/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($63,008) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wapakoneta, OH

Wapakoneta, located in Auglaize County, Ohio, is a charming city known for its rich history and small-town atmosphere. With a population of approximately 9,700, it serves as a central hub for the surrounding agricultural community. Wapakoneta is perhaps best known as the hometown of astronaut Neil Armstrong, the first person to walk on the moon, which is celebrated through the Armstrong Air and Space Museum, featuring exhibits on space exploration and his life. The city is characterized by its picturesque downtown area, which offers a variety of local shops, eateries, and community events, contributing to the vibrant local culture. Parks such as the Wapakoneta City Park provide residents and visitors with outdoor recreational opportunities, including walking trails and sports facilities. Additionally, Wapakoneta hosts annual events such as the Summer Moon Festival, celebrating its lunar heritage and attracting visitors from across the region. The city's convenient location near U.S. Route 33 allows easy access to larger urban centers like Lima and Dayton, making it an attractive place for both residents and businesses. Overall, Wapakoneta is a blend of historical significance and community spirit.

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