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Affordable
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These days, finding an affordable place to live in the Hamburg area can be challenging. Home prices in Hamburg are now at a median cost of $320,337, higher than the Ohio average of $236,816.
The average cost of rent is $1,320/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. In Hamburg, 23.02% of households rent, and 36.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $7,273 per month. Households that rent pay about 18.16% of their income on rent here. Hamburg’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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