2025 Compare Cities Housing:
Lorain, OH vs Traverse City, MI

Change Cities
Highlights
- The median age of a home in Lorain is 1.6% younger than the median age of a home in Traverse City.
 Lorain, OHTraverse City, MIUnited States
 Median Home Age62  Unlock42
 Median Home Cost  Unlock$394,900$338,100
 Home Appr. Last 12 months13.4%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock69.9%57.0%
 Home Appr. Last 10 yrs.69.3%  Unlock101.1%
 Property Tax Rate  Unlock$13.2$11.0
 Homes Owned48.2%  Unlock57.4%
 Housing Vacant  Unlock12.8%11.2%
 Homes Rented40.1%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Lorain, OHTraverse City, MIUnited States
 Average Rent  Unlock$1,320$1,840
 Studio Apartment$640  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$930$1,180
 2 Bedroom Home or Apartment$880  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,340$1,860
 4 Bedroom Home or Apartment$1,210  Unlock$2,160
 space1
 Vacant Housing
 Lorain, OHTraverse City, MIUnited States
 Vacant For Rent  Unlock3.0%1.9%
 Vacant Rented0.8%  Unlock0.4%
 Vacant For Sale  Unlock0.0%0.7%
 Vacant Sold0.7%  Unlock0.4%
 Vacant Vacation  Unlock6.4%3.6%
 Vacant Other6.2%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Lorain, OHTraverse City, MIUnited States
 Less Than $20,000  Unlock0.3%2.6%
 $20,000 to $39,9996.0%  Unlock2.4%
 $40,000 to $59,999  Unlock0.0%2.8%
 $60,000 to $79,99917.6%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,99920.4%  Unlock11.3%
 $150,000 to $199,999  Unlock11.3%13.0%
 $200,000 to $299,99910.5%  Unlock20.1%
 $300,000 to $399,999  Unlock22.2%13.6%
 $400,000 to $499,9991.0%  Unlock8.3%
 $500,000 to $749,999  Unlock10.8%9.7%
 $750,000 to $999,9990.1%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.9%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.9%1.1%
 space3
 Housing Units By Year Built
 Lorain, OHTraverse City, MIUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock7.9%13.6%
 2000 to 20094.8%  Unlock13.6%
 1990 to 1999  Unlock6.2%13.6%
 1980 to 19894.9%  Unlock13.2%
 1970 to 1979  Unlock15.3%14.8%
 1960 to 19694.3%  Unlock13.6%
 1950 to 1959  Unlock12.0%10.0%
 1940 to 19497.2%  Unlock4.7%
 1939 or Earlier  Unlock34.8%12.2%
Reviews for Lorain    8 Reviews

Over 11 years ago

Well, in short...It Sucks !!! It's become like the movie "Escape from New York". The city of Lorain has the highest amount of sex offenders and other criminals. The  More

   |    Reply

Over 14 years ago

I lived in Lorain for over 40 years of my life. It used to be a nice place to grow up and then raise a family. I return every year to visit family and meet up with  More

   |    Reply

Over 17 years ago

Living in Ohio is very unmotivating. There have been job cuts, homelessness and uncompassion all around us here. We strive to get ahead and take care of our families.   More

   |    Reply

Start Your Review of Lorain

Reviews for Traverse City    28 Reviews

Beautiful, clean, surrounded by some of the most beautiful and unpolluted nature in the nation, interesting residents from all over the world, an open-minded liberal  More

   |    Reply

Teri · 

Sorry I moved here homes overpriced, local people are rude. Too many rambo type personalities, pickup trucks and illiteracy Fun for about a week. Restaurants are  More

   |    Reply

Left in '78. Should have left sooner. If you are a snob and think you're better than any one else then maybe you can get a job teaching here. Hated it as a kid and come  More

   |    Reply

Start Your Review of Traverse City


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.