The housing in Lorain, WI is very desirable. The median value of a house in Lorain is $226,500 which is significantly lower than the U.S. median value of $338,100. In comparison to the U.S., the 1 year appreciation rate of houses in Lorain is 12.04%, which is higher than the 8.27% of appreciation for houses across the nation as a whole. This makes Lorain an attractive destination for those looking to purchase property or invest in real estate as it has shown strong growth and continues to be a desirable area to live in.
The median home cost in Lorain is $226,500. Home appreciation the last 10 years has been 74.1%. Home Appreciation in Lorain is up 14.4%.
Average Age of Homes
- The median age of Lorain real estate is 43 years old
The Rental Market in Lorain
- Renters make up 15.1% 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.