Lorain, PA is a great place to buy a house. The median housing value in Lorain is $73,600, which is significantly lower than the US house median value of $338,100. In addition, the 1 year house appreciation in Lorain has been 10.96%, higher than the 8.27% appreciation rate for US houses. This makes Lorain an attractive option for potential homebuyers looking for affordability and potential increases in value over time.
The median home cost in Lorain is $73,600. Home appreciation the last 10 years has been 36.4%. Home Appreciation in Lorain is up 15.4%.
Average Age of Homes
- The median age of Lorain real estate is 72 years old
The Rental Market in Lorain
- Renters make up 12.5% of the Lorain population
- 0.0% of houses and apartments in Lorain, 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.