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Lake County Housing Market

Ohio · 88 counties · Ranked #1907 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$199,900

vs national$199,900 vs $281,900 national

Median Gross Rent

$1,073/mo

vs national$1,073 vs $1,163 national

Effective Tax Rate

1.70%

vs national+1.70% vs 1.02% national

Median Household Income

$77,952

vs national+$77,952 vs $74,755 national

Affordability Ratio

2.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,405

Tax as % of Home Value

1.70%

Monthly Owner Cost

$1,135

Renter Income

$46,394

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Mortgage

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Home Search

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Lake County?

The median home value in Lake County is $199,900. This is below the national median of $281,900.

How much is rent in Lake County?

The median gross rent in Lake County is $1,073 per month.

What is the property tax rate in Lake County?

The effective property tax rate in Lake County is 1.70%. The median annual property tax bill is $3,405.

Is Lake County affordable?

With a home-value-to-income ratio of 2.6x, Lake County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.