Quick facts: Stow, OH

Quick Facts

96.4
Cost of Living
below US average
34,216
Population
15.11
Crime Rate per 1000
below US average
$89,805
Median Income
above US average
$295,000
Median House Price
above US average
$1993.5
Average Rent
above US average
8%
Poverty Rate
below US average
4.9%
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 $89,805.

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Income Needed to Buy

βœ— Stretch
$93k/year
Based on $295,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $93k vs median $89,805
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Income Needed to Rent

βœ“ Affordable
$85k/year
Based on $1993.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($89,805) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stow, OH

Stow is a charming suburban city located in Summit County, Ohio, part of the Akron Metropolitan Statistical Area. Known for its family-friendly atmosphere, Stow features beautiful parks, excellent schools, and a strong sense of community. The city is bordered by the Cuyahoga River, which offers scenic outdoor activities like hiking, fishing, and picnics. Stow is primarily residential, with a diverse mix of housing options that appeal to families, retirees, and young professionals alike. The city hosts several shopping and dining options, and is conveniently situated near larger cities like Akron and Cleveland for additional urban amenities. The Stow-Munroe Falls City School District serves the area, renowned for its strong educational programs. Annual community events, such as the Stow Summer Concert Series and the Stow Players community theater, foster community spirit and engagement. Overall, Stow is characterized by its friendly environment, community involvement, and access to natural beauty, making it a desirable place to live for those seeking a peaceful suburban lifestyle within reach of metropolitan conveniences.

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