The housing market in Elyria, OH is thriving. The median value of a home in the area is $155,800, which is significantly lower than the US median house value of $338,100. Not only that, but the 1 year house appreciation rate for Elyria is 10.26%, higher than the US national average of 8.27%. This suggests that housing values in Elyria are on the rise and may continue to do so as demand increases. With prices relatively low and expected growth in property values, now would be a great time to invest in housing in this area.
The median home cost in Elyria is $155,800. Home appreciation the last 10 years has been 69.3%. Home Appreciation in Elyria is up 13.4%.
Average Age of Homes
- The median age of Elyria real estate is 52 years old
The Rental Market in Elyria
- Renters make up 36.1% of the Elyria population
- 3.4% of houses and apartments in Elyria, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.