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Affordable
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These days, finding an affordable place to live in the Wakefield area can be challenging. Home prices in Wakefield are now at a median cost of $161,699, lower than the Ohio average of $236,816.
The average cost of rent is $1,021/mo in Wakefield, primarily driven by the current value of real estate in the Wakefield area. In Wakefield, 22.60% of households rent, and 43.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakefield is $4,807 per month. Households that rent pay about 21.25% of their income on rent here. Wakefield’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Piketon, OH: equally priced homes
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- Bristol Village, OH: higher priced homes
Cities with Similar Populations
- Rushmore, MN: equally priced homes
- Lucerne Mines, PA: equally priced homes
- Ludlow, MS: less expensive homes
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- Macedonia, TN: higher priced homes
- Madison, AR: less expensive homes
- Magnolia Springs, TX: less expensive homes
- Mandalay, LA: higher priced homes
- Marquand, MO: equally priced homes
- Marquette, NE: higher priced homes
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