Lorain County, OH Housing

The housing market in Lorain, OH County is thriving. The median value of houses is $214,100, which is much lower than the US house median value of $338,100. This makes buying a home in Lorain more affordable for many people. Furthermore, the one year appreciation rate of homes in Lorain was 12.50%, significantly higher than the US average of 8.27%. This high rate of appreciation suggests that now is a good time to invest in the housing market in Lorain.

The median home cost in Lorain County is $214,100. Home appreciation the last 10 years has been 69.3%. Home Appreciation in Lorain County is up 13.4%.

Average Age of Homes

- The median age of Lorain County real estate is 47 years old

The Rental Market in Lorain County

- Renters make up 25.9% of the Lorain County population
- 1.9% of houses and apartments in Lorain County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lorain, Ohio	United States
	133,599.0	139,647,020.0
	50	42
	$214,100	$338,100
	13.4%	16.6%
	47.5%	57.0%
	69.3%	101.1%
	$16.32	$10.98
	$2,687	$2,690
	67.0%	57.4%
	7.6%	11.2%
	25.5%	31.4%
Vacant Housing
	1.9%	1.9%
	0.5%	0.4%
	0.7%	0.7%
	0.4%	0.4%
	0.5%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	2.0%	2.4%
	3.7%	2.8%
	6.7%	3.9%
	8.9%	4.5%
	20.8%	11.3%
	17.3%	13.0%
	21.6%	20.1%
	9.9%	13.6%
	4.1%	8.3%
	2.3%	9.7%
	0.6%	3.9%
	0.2%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	12.4%	13.6%
	12.4%	13.6%
	10.8%	13.6%
	6.4%	13.2%
	15.4%	14.8%
	10.8%	13.6%
	14.0%	10.0%
	4.8%	4.7%
	16.7%	12.2%

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