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    AI-Generated Neighborhood Summary

    Location and Amenities

    Jasper, OH 45642, is an unincorporated community in Pike County, Ohio. It may not have extensive urban amenities due to its rural nature. The nearest city is Waverly, OH, which is approximately 8 miles away, where you can find basic amenities like grocery stores, dining options, and healthcare facilities. Nearby schools would be part of the Waverly City School District. For outdoor activities, Pike Lake State Park is a notable spot offering hiking, camping, and fishing.

    Crime Rate and School District Rating

    Specific crime rates for Jasper might not be readily available due to its unincorporated status, but in general, rural areas tend to have lower crime rates compared to urban centers. The Waverly City School District typically serves nearby areas, and checking the Ohio Department of Education's website would provide the most current ratings. These ratings can vary based on factors like standardized test scores and graduation rates.

    Economy and Job Growth

    Income levels in rural areas like Jasper tend to be lower compared to urban regions. Pike County generally has a median household income that is below the national average. Economic activities are often centered on agriculture, manufacturing, and local businesses. Job growth may be limited within Jasper, leading residents to commute to nearby towns or cities for employment opportunities. Ending with a full sentence ensures completeness and clarity of the information provided.

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    StreetView
    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

    Nestled in a region that combines both affordability and a sense of community, this neighborhood presents a unique blend of opportunities for potential homebuyers and investors. The median home price is notably attractive at $110,300, making it a considerable draw for those looking to enter the housing market without a hefty initial investment. Compared to the national average, this price point is significantly lower, offering an affordable entry into homeownership. Moreover, the homeownership rate stands robust at 64%, with a substantial portion of these owners, 38%, living mortgage-free. This suggests a stable, long-term resident base which adds to the community’s charm and potential resilience in fluctuating economic conditions.

    The economic landscape here is nuanced. The median household income of $46,957 is below the national average, yet the unemployment rate of 3% is impressively low, indicating a relatively healthy job market. However, with 18% of the population living under the poverty line, there are pockets of economic challenges that may impact community development. Education levels are also an area for growth, as only 10% of residents hold a college degree, which is substantially below the national benchmark. This could suggest limited high-skilled job opportunities or access to higher education, potentially influencing long-term economic prospects.

    In terms of housing dynamics, the neighborhood shows a promising mixture of renters and owners, with rental options offering significant affordability at a median contract rent of $536. While specific data on rent as a percentage of income is not available, the owner's mortgage burden is reasonable, with only 22% of homeowners spending 30% or more of their income on housing costs. This reflects a generally manageable cost of living, a factor that could appeal to young professionals and families seeking financial stability.

    While the neighborhood has its merits, some may find the socio-economic conditions less appealing compared to national averages. For those interested in similar affordability but hoping for better educational achievements or a lower poverty rate, exploring adjacent neighborhoods could be beneficial. Areas slightly to the north or south with parallel median home prices might offer improved educational metrics or community investment potential, ensuring a good balance between affordability and quality of life. In conclusion, this neighborhood presents a blend of affordability and stable homeownership with room for economic and educational growth, making it a viable consideration for thoughtful investors and homebuyers.

    Median Home Price

    $110,300

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    $46,957
    Nat'l Avg: $69,021

    Percent Under Poverty

    18%
    Nat'l Avg: 12%

    Median Contract Rent

    $536
    Nat'l Avg: $988

    Owners vs Renters

    64% / 29%
    Nat'l Avg: 57% / 31%

    Vacant Housing Units

    7%
    Nat'l Avg: 11%

    Unemployment Rate

    3%
    Nat'l Avg: 3%

    College Degree

    10%
    Nat'l Avg: 21%

    Dominant Race

    White
    Nat'l Avg: 68%

    Married-Couple Families

    48%
    Nat'l Avg: 48%

    Owners Without Morgages

    38%
    Nat'l Avg: 38%

    Mortgage ≥ 30% Income

    22%
    Nat'l Avg: 27%

    Rent ≥ 30% Income

    N/A
    Nat'l Avg: 46%

    Non-US Citizens

    0%
    Nat'l Avg: 7%
    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    Jasper Park

    1.5 miles

    Southern Ohio Medical Center

    15 miles

    Kroger Grocery Store

    12 miles

    Bob Evans Restaurant

    12 miles

    Anytime Fitness Gym

    14 miles

    John Glenn Columbus International Airport

    120 miles

    Jasper Elementary School

    0.5 miles

    Police Station

    3 miles

    Fire Station

    3 miles

    Local Bank Branch

    2 miles

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    Jasper, OH 45642, has a median home value of $155,200, significantly lower than the national median of $338,100.
    The area experienced an 11.89% increase in home values over the past year, surpassing the national average appreciation rate of 8.27%.
    The average listing age for homes in Jasper Township increased by 33.7% from November to December 2024, reaching 123 days.
    With a population density of 853.7 people per square mile, Jasper maintains a small-town atmosphere, which may appeal to those seeking a quieter lifestyle. These insights highlight Jasper's affordable housing market, recent growth in property values, and its appeal as a small-town community.

    Custom Narratives

    Median home value in Jasper, OH 45642 is $155,200, significantly lower than the national median of $338,100, with a recent appreciation rate of 11.89%, indicating a strong real estate market.
    The local economy is diverse, with 21.8% of residents employed in manufacturing and 27.6% in educational services, health care, and social assistance, contributing to a stable job market.
    The community has a predominantly white population, with 98% identifying as such, and a median household income of $69,700, reflecting a relatively homogeneous demographic profile.
    With a rural atmosphere and a median age of 35, Jasper offers a quiet lifestyle, appealing to families and retirees seeking a peaceful environment. These insights provide a comprehensive overview of Jasper's market trends and community attributes, aiding potential homebuyers in making informed decisions.

    Green Flags

    Tight-knit community
    Scenic natural beauty
    Low cost of living
    Rich local history

    Red Flags

    Limited job opportunities
    Lack of major amenities
    Remote location challenges
    Limited entertainment options
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

    Flood zone information is not available for this property at this time.

    Historical Flooding

    Historical flood damage records are not available for this property.

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