Quick facts: Niles, OH

Quick Facts

96.4
Cost of Living
below US average
18,286
Population
30.13
Crime Rate per 1000
above US average
$48,860
Median Income
below US average
$150,000
Median House Price
above US average
$989.29
Average Rent
below US average
12%
Poverty Rate
above 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 $48,860.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($48,860) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$42k/year
Based on $989.29/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($48,860) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Niles, OH

Niles, Ohio, is a charming city located in Trumbull County in the northeastern part of the state. As part of the Youngstown-Warren metropolitan area, it has a rich industrial history, having once been a significant center for manufacturing and steel production. Niles is known for its friendly community atmosphere, making it an inviting place for families and individuals alike. The city features several parks and recreational facilities, with the scenic Niles Greenway, a popular trail for walking and biking, running through its picturesque landscapes. Niles is also home to the famous McKinley Birthplace Memorial, which honors the 25th President of the United States, William Howard McKinley, a native of the region. Residents enjoy access to local shops, dining options, and annual events that foster community spirit. The educational landscape includes several public schools and nearby higher education institutions. With its small-town charm and proximity to larger cities like Youngstown and Warren, Niles offers a balance of suburban comfort and urban convenience.

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