Housing costs in New Knoxville?
A typical home costs
$199,100, which is 41.1% less expensive than the national average of
$338,100 and 1.1% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in New Knoxville costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 22.5% cheaper than the state average of
$980.
Can I afford New Knoxville?
To live comfortably in New Knoxville (zip 45871), Ohio, a minimum annual income of
$38,160 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about New Knoxville?
The cost of living in 45871 New Knoxville, OH is generally considered to be affordable. According to data from the US Department of Housing and Urban Development, the median home price in this area is around $130,000 and the median household income is approximately $52,000. This means that most people are able to purchase a comfortable home at a reasonable price. Additionally, taxes are relatively low and are often offset by local incentives such as property tax abatement programs which can help to reduce costs further. The area also offers a variety of shopping options, restaurants and entertainment venues which make it easier for residents to find what they need without having to travel far or spend too much money. All in all, New Knoxville offers an affordable lifestyle that allows residents to save money while still enjoying the amenities of a small town.