Quick facts: Wellsville, OH

Quick Facts

96.4
Cost of Living
below US average
3,057
Population
29.11
Crime Rate per 1000
above US average
$38,229
Median Income
below US average
$112,000
Median House Price
above US average
$1363
Average Rent
below US average
23%
Poverty Rate
above US average
5.2%
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 $38,229.

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Income Needed to Buy

βœ“ Affordable
$35k/year
Based on $112,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($38,229) 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 $38,229
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wellsville, OH

Wellsville is a quaint village located in Columbiana County, Ohio, with a rich history tied to the Ohio River. Nestled along the riverbank, it offers picturesque views and a small-town atmosphere. As of the 2020 census, Wellsville had a population of just under 2,000 residents, showcasing its tight-knit community vibe. The village is known for its historic architecture, including several sites registered on the National Register of Historic Places. Wellsville's economy has traditionally been influenced by industries such as manufacturing and agriculture, but like many small towns, it has seen shifts in its economic landscape over recent years. Recreational opportunities abound in the surrounding area, with access to the scenic river for fishing, boating, and hiking. Local parks and community events foster a strong sense of community spirit. The village is also conveniently located near larger towns, providing residents with access to more extensive amenities while maintaining the charm and tranquility of small-town living. Wellsville remains a unique spot with a blend of history, nature, and community.

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