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Lorain County Housing Market

Ohio · 88 counties · Ranked #1983 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$207,200

vs national$207,200 vs $281,900 national

Median Gross Rent

$916/mo

vs national$916 vs $1,163 national

Effective Tax Rate

1.44%

vs national+1.44% vs 1.02% national

Median Household Income

$70,693

vs national$70,693 vs $74,755 national

Affordability Ratio

2.9x

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

Rent Burden

28.0%

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

More Housing Data

Property Tax (Median)

$2,992

Tax as % of Home Value

1.44%

Monthly Owner Cost

$1,110

Renter Income

$38,425

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Frequently Asked Questions

What is the median home value in Lorain County?

The median home value in Lorain County is $207,200. This is below the national median of $281,900.

How much is rent in Lorain County?

The median gross rent in Lorain County is $916 per month.

What is the property tax rate in Lorain County?

The effective property tax rate in Lorain County is 1.44%. The median annual property tax bill is $2,992.

Is Lorain County affordable?

With a home-value-to-income ratio of 2.9x, Lorain 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.