The typical owner-occupied home in Gibsonburg is worth about $124,000, 42% below the Ohio median of $214,800 and 63% below the national median of $332,700. Owners pay a median $1,238 a year in property taxes, about 1.00% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $75,278 a year, so the median home costs 1.6 times the median income (3.0 times for Ohio). 81% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Gibsonburg at a glance
| Gibsonburg | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $124,000 | $214,800 | $332,700 |
| Median property tax paid per year | $1,238 | $2,822 | $3,119 |
| Property tax as a share of value | 1.00% | 1.31% | 0.94% |
| Median household income | $75,278 | $71,389 | $80,734 |
| Homes lived in by their owners | 81% | 67% | 65% |
| Owner homes with a mortgage | 71% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,095 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 16.0% | 18.6% | 21.0% |
| Median rent | $620 | $1,034 | $1,413 |
| Rent as a share of renters' income | 25.2% | 28.3% | 30.6% |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 4.2% | 8.1% | 10.1% |
| Population | 2,532 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Gibsonburg
At this week's average 30-year rate of 7.11%, buying the median Gibsonburg home of $124,000 with 20% down costs about $822 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,029, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $35,242 for the 20%-down payment. That payment is 13% of the median Gibsonburg household income of $75,278; at that income and 20% down, the 28% guideline points to a home of about $265,000.
The median rent here is $620 a month, so owning the median home costs about $202 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,800 |
|---|---|
| Loan amount | $99,200 |
| Principal and interest | $667 |
| Property taxes (1.00% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $822 |
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| Down payment | $4,340 |
|---|---|
| Loan amount | $121,754 |
| Principal and interest | $819 |
| Property taxes (1.00% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $1,029 |
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Questions about home buying in Gibsonburg
What is the median home value in Gibsonburg?
About $124,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gibsonburg?
Homeowners pay a median $1,238 a year, which is about 1.00% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Gibsonburg?
For the median home with 20% down at 7.11%, the payment is about $822 a month. Keeping that under 28% of gross income takes about $35,242 a year.
More about Gibsonburg
- Mortgage Refinance in Gibsonburg
- Debt Relief in Gibsonburg
- Home Equity Loans in Gibsonburg
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data