The typical owner-occupied home in Walbridge is worth about $137,600, 36% below the Ohio median of $214,800 and 59% below the national median of $332,700. Owners pay a median $1,722 a year in property taxes, about 1.25% of their home's value, close to the Ohio rate of 1.31%. The median household earns $55,469 a year, so the median home costs 2.5 times the median income (3.0 times for Ohio). 74% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Walbridge at a glance
| Walbridge | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $137,600 | $214,800 | $332,700 |
| Median property tax paid per year | $1,722 | $2,822 | $3,119 |
| Property tax as a share of value | 1.25% | 1.31% | 0.94% |
| Median household income | $55,469 | $71,389 | $80,734 |
| Homes lived in by their owners | 74% | 67% | 65% |
| Owner homes with a mortgage | 51% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,168 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 18.6% | 21.0% |
| Median rent | $1,037 | $1,034 | $1,413 |
| Rent as a share of renters' income | 20.9% | 28.3% | 30.6% |
| Median year homes were built | 1966 | 1970 | 1980 |
| Vacant homes | 6.4% | 8.1% | 10.1% |
| Population | 3,034 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Walbridge
At this week's average 30-year rate of 7.11%, buying the median Walbridge home of $137,600 with 20% down costs about $941 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,170, 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 $40,337 for the 20%-down payment. That payment is 20% of the median Walbridge household income of $55,469; at that income and 20% down, the 28% guideline points to a home of about $189,000.
The median rent here is $1,037 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $27,520 |
|---|---|
| Loan amount | $110,080 |
| Principal and interest | $741 |
| Property taxes (1.25% a year) | $143 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $941 |
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| Down payment | $4,816 |
|---|---|
| Loan amount | $135,108 |
| Principal and interest | $909 |
| Property taxes (1.25% a year) | $143 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $61 |
| Total per month | $1,170 |
Change the numbers in the calculator
Questions about home buying in Walbridge
What is the median home value in Walbridge?
About $137,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Walbridge?
Homeowners pay a median $1,722 a year, which is about 1.25% 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 Walbridge?
For the median home with 20% down at 7.11%, the payment is about $941 a month. Keeping that under 28% of gross income takes about $40,337 a year.
More about Walbridge
- Mortgage Refinance in Walbridge
- Debt Relief in Walbridge
- Home Equity Loans in Walbridge
- 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