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EconPulse

Local economy signal dashboard

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PLACEThriving

Montrose-Ghent, OH

Thriving overall. Federal Funds is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score75out of 100
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69
71
74
75
100

Population

5,903

Data freshness

Unknown

GDP / Output

+4.3% YoY

69

$40.3B

Output changed +4.3% in 2024.

Vintage date unknown

State growth4.4%
U.S. growth5.3%

Jobs

Unemployment rate

71

3.7%

Unemployment is 3.7% for June 2026.

Vintage date unknown

State avg4.8%
U.S. avg5.2%

Population

+4.0% 5-year

74

5,903

Population moved +4.0% over the latest ACS window.

Vintage date unknown

State population11,810,293
U.S. population334,922,499

Housing

Rent share of income

75

17.8%

Median rent consumes 17.8% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.4K per resident

100

$4.6B

$4.6B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$4.6B

$8.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$2.9B
2. Department of Health and Human Services$813.6M
3. Department of Veterans Affairs$206.6M

Top recipients

Dollars
1. OHIO DEPARTMENT OF TRANSPORTATION$144.4M
2. SEVENSON ENVIRONMENTAL SERVICES, INC.$132.2M
3. AKRON METROPOLITAN HOUSING AUTHORITY$90.6M

Affordable

Housing Affordability

17.8%

of median income

1BR estimate$2,197
2BR estimate$2,893
Median income$180,250
Median home value$545,500

ACS context

Quick Facts

Population

5,903

Median age

45.9

Bachelor's degree+

79.0%

Poverty rate

4.5%

Labor force participation

70.0%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.8%

GDP CAGR

+4.9%

Federal flow

5 years

Population (5 years)
20205,677
20215,786
20225,854
20235,946
20245,903
GDP (5 years)
2020$31.7B
2021$34.4B
2022$36.4B
2023$38.7B
2024$40.3B

2-year linear forecast

Predictive Outlook

Population forecast

20245,903
20256,017 *
20266,078 *

R² = 83.9% · * projected

GDP forecast

2024$40.3B
2025$42.8B *
2026$44.9B *

R² = 99.4% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$180,250/yr
Median rent$2,679/mo
Rent share of income17.8%
Est. mortgage (30yr, 6.5%)$33,100/yr
Mortgage share of income18.4%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.7%
State avg4.8%
U.S. avg5.2%
Labor force participation70.0%
Poverty rate4.5%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$545,500
Median monthly rent$2,679
Price-to-rent ratio17.0x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score72/100
Economic growth69/100
Labor market71/100
Population momentum74/100
Overall stability75/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Montrose-Ghent CDP, Ohio

City/Town

Part of

Akron, OH

Nearby locations

Fairlawn, OHPigeon Creek, OHCuyahoga Falls, OHRichfield, OHSharon Center, OH