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Affordable
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These days, finding an affordable place to live in the Padanaram area can be challenging. Home prices in Padanaram are now at a median cost of $107,078, lower than the Ohio average of $236,816.
The average cost of rent is $704/mo in Padanaram, primarily driven by the current value of real estate in the Padanaram area. In Padanaram, 11.30% of households rent, and 51.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Padanaram is $4,578 per month. Households that rent pay about 15.38% of their income on rent here. Padanaram’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern 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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