Quick facts: Reedsville, OH

Quick Facts

96.4
Cost of Living
below US average
704
Population
21.31
Crime Rate per 1000
below US average
$56,300
Median Income
below US average
$110,000
Median House Price
above US average
$1363
Average Rent
below US average
10%
Poverty Rate
below 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 $56,300.

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Income Needed to Buy

βœ“ Affordable
$35k/year
Based on $110,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($56,300) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1363/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $56,300
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Reedsville, OH

Reedsville is a small village located in Meigs County, Ohio. With a population of just over 500 residents, it embodies the charm of a close-knit community. The village is situated along the banks of the beautiful Ohio River, providing picturesque views and opportunities for outdoor activities such as fishing and boating. Reedsville is rich in history, with many of its buildings reflecting its heritage from the 19th century. The area is largely rural, surrounded by stunning countryside and farmland, making it an ideal spot for those who appreciate nature and a quieter lifestyle. Local amenities are limited, but the village offers basic services, including a post office and a few small businesses. Residents typically travel to nearby towns for more extensive shopping and services. Reedsville is also known for its annual community events that bring residents together, fostering a sense of belonging. Easy access to State Route 7 connects Reedsville to larger cities, allowing for a blend of rural living with accessibility to urban conveniences. Overall, Reedsville exemplifies small-town Ohio, with its friendly atmosphere and tranquil surroundings.

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