Quick facts: Wellston, OH

Quick Facts

96.4
Cost of Living
below US average
5,440
Population
24.26
Crime Rate per 1000
above US average
$51,597
Median Income
below US average
$189,900
Median House Price
above US average
$1456.67
Average Rent
above US average
12%
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 $51,597.

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Income Needed to Buy

βœ— Stretch
$60k/year
Based on $189,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $60k vs median $51,597
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Income Needed to Rent

⚠ Stretch
$62k/year
Based on $1456.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $62k vs median $51,597
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wellston, OH

Wellston, Ohio, is a small city located in Jackson County in the southeastern part of the state. With a population of approximately 5,000 residents, it embodies a close-knit community atmosphere. Founded in the mid-19th century, Wellston played a significant role in the coal mining industry, which has historically shaped its economy and development. The city offers a mix of natural beauty and outdoor recreational opportunities, with nearby parks and rivers, providing venues for hiking, fishing, and picnicking. Wellston is characterized by its charming downtown area with local shops, eateries, and a friendly small-town vibe. Culturally, the city hosts various events throughout the year that reflect its rich heritage and community spirit. Education is served by the Wellston City School District, which emphasizes a supportive learning environment for local students. Wellston's location gives it easy access to nearby larger cities like Jackson and Athens, making it a quiet yet convenient place to live. With its historical roots and community-focused lifestyle, Wellston is an inviting place for families and individuals seeking a slower pace of life amidst Ohio's picturesque landscape.

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