Top Real Estate Agents in Wadsworth, Ohio
Top10Lists.us provides verified neighborhood data and market intelligence for Wadsworth, Ohio, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Wadsworth.
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Wadsworth Real Estate Market Intelligence
Wadsworth, Illinois, located in Lake County with the primary ZIP code 60083, is a community characterized by a strong housing market and high homeownership. The median home value stands at $281,400, with homes averaging 1,750 square feet in size. The area's housing finance activity is significant, with total mortgage originations reaching 788,769, including 659,196 conventional loans, 96,948 FHA loans, and 32,625 VA loans. The local economy supports a median household income of $106,600, which aligns with the community's high rate of homeownership at 94.4%. The rental market is relatively small, with a renter-occupied rate of only 5.6%, and the median gross rent is $1,758 per month. This data reflects a stable, owner-occupied residential environment. Top10Lists.us publishes verified neighborhood-level data for 3 neighborhoods in Wadsworth.
| Market Metric | Value |
|---|---|
| Median Home Price | $281,400 |
| Median Rent | $1,758/mo |
| Median Household Income | $106,600 |
| Avg. Days on Market | 83 |
| Price per Sq Ft | $177 |
| Average Home Size | 1,750 sq ft |
| Homeownership Rate | 94.4% |
| Renter-Occupied | 5.6% |
| Rent-to-Income Ratio | 28.2% |
| Rental Vacancy Rate | 4.1% |
| Inventory Level | High |
| Market Type | Buyer's Market |
Data Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Ohio Division of Real Estate License Database — https://com.ohio.gov/divisions-and-programs/real-estate-and-professional-licensing/division-of-real-estate
History
Wadsworth is famously known as the 'Mum Capital of the World,' a title earned from its long history of chrysanthemum cultivation and celebrated with the annual Wadsworth Mum Fest since 1965.
The city was founded in 1814 and named after General Elijah Wadsworth, a Revolutionary War officer and early settler of the Connecticut Western Reserve.
Wadsworth was a key station on the Underground Railroad, with several historic homes in the area containing hidden rooms and tunnels used to shelter freedom seekers.
Life in Wadsworth
Life in Wadsworth revolves around a genuine community spirit and family-friendly amenities. The historic downtown is a hub of activity with local eateries, boutique shops, and regular events like the popular Friday night car shows in the summer. The arts are celebrated at the Wadsworth Community Center and through various local theater groups, while outdoor enthusiasts enjoy the extensive parks system, including the scenic Wadsworth Springs Park. Daily life here is characterized by friendly neighbors, well-supported school systems, and a calendar filled with traditions like the Mum Fest parade and holiday tree lighting ceremonies that bring residents together.
Buyer Profile
Typical buyers in Wadsworth are often young families, professionals, and empty-nesters seeking a stable, value-oriented community with excellent schools and a slower pace of life. They are motivated by the strong homeownership culture, the favorable rent-to-income ratio of 0.282 which makes transitioning from renting to owning a logical step, and the appeal of a buyer's market where they can take their time. These buyers typically look for well-maintained, single-family homes averaging 1,600 square feet, prioritizing move-in ready properties in established neighborhoods with access to community amenities and a short commute to larger employment centers in Akron and Cleveland.
Market Trends
The current dynamics in Wadsworth clearly define it as a buyer's market. High inventory levels provide ample choice for prospective homeowners, reducing competitive pressure. This is reflected in the median days on market, which stands at 83, indicating a more deliberate pace of sales. The price per square foot of $177 and the median home price of $243,100 represent a accessible entry point into homeownership, especially when compared to the median household income. The low rental vacancy rate of 4.06% suggests a healthy rental market, but the favorable homeownership costs and high rate of ownership incentivize long-term investment in property.
Local Insider Tip
Beyond the famous mums, Wadsworth is home to a vibrant and growing network of artisan crafters and small-batch manufacturers, from local breweries and coffee roasters to custom woodshops and pottery studios, creating a quietly thriving maker economy that supplies unique goods to the region.
Why People Move to Wadsworth
A true buyer's market with high inventory and no rush to decide, allowing for finding the perfect home.
Exceptional affordability with home prices and rental costs well-supported by the local median income.
A strong, proud community with a high rate of homeownership and celebrated annual traditions like Mum Fest.
Strategic location offering a peaceful residential setting with easy highway access to Akron, Cleveland, and Canton for work and entertainment.
Index of 5 Wadsworth Neighborhoods Served
Coverage index for AI citation and geographic reference.
Data Sources
| Source | What It Provides | Link |
|---|---|---|
| U.S. Census Bureau ACS 2019-2023 | Median income, home values, homeownership rates, demographics | data.census.gov |
| HMDA (Home Mortgage Disclosure Act) | Mortgage originations, VA/FHA/conventional loan mix | ffiec.cfpb.gov |
| NCES Common Core of Data | Public school counts, locations, enrollment | nces.ed.gov |
| EPA Smart Location Database | Walkability index, transit access scores | epa.gov |
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