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These days, finding an affordable place to live in the Wellman area can be challenging. Home prices in Wellman are now at a median cost of $263,169, higher than the Ohio average of $236,816.
The average cost of rent is $931/mo in Wellman, primarily driven by the current value of real estate in the Wellman area. In Wellman, 10.77% of households rent, and 41.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wellman is $7,984 per month. Households that rent pay about 11.66% of their income on rent here. Wellman’s most expensive areas are in the southeastern 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
- Harveysburg, OH: equally priced homes
- Sligo, OH: higher priced homes
- Oakland, OH: higher priced homes
- Mount Holly, OH: higher priced homes
- Oregonia, OH: higher priced homes
- Corwin, OH: higher priced homes
- Kingman, OH: higher priced homes
- Clarksville, OH: equally priced homes
- Senior, OH: higher priced homes
- New Burlington, OH: higher priced homes
Cities with Similar Populations
- Sapello, NM: less expensive homes
- Lamb, IL: less expensive homes
- Lanesborough, MA: higher priced homes
- Latrobe, CA: higher priced homes
- Los Berros, CA: higher priced homes
- Lovelton, PA: less expensive homes
- Lower La Posada, NM: less expensive homes
- Lucero, NM: higher priced homes
- Mc Dowell, VA: higher priced homes
- Sans Bois, OK: less expensive homes
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