Lorain County, Ohio Housing Market Prices
Lorain County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 14% above the Ohio median$157,826
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Median rent 7% below the Ohio median More expensive than 76% of counties in Ohio$965
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lorain County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $157,826 | $139,044 | $248,835 |
| Price Trend (Annual %) | 10.4% | 6.7% | 7.5% |
| Median Gross Rent | $965 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lorain County is about 14% higher than in Ohio. Rent is about 7% lower than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lorain County, up about 10.4% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Lorain County rose about 30.4% between 2015 and 2024, from $740 to $965. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Lorain County.
Buying the median-priced home in Lorain County costs roughly 13.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lorain County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Lorain County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $157,826 | $139,044 | $248,835 |
| Median Household Income | $73,279 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lorain County rose about 83.0%, while median household income rose about 35.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lorain County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.1% | 61.7% | 58.5% |
| Rental Rate | 24.3% | 30.1% | 31.2% |
| Vacancy Rate | 6.6% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Lorain County has a homeownership rate of 69.1%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 6.6%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Lorain County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1974 | 1970 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Lorain County was built around 1974. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 16.0 years on average.
Lorain County, OH Housing Compared With Nearby Counties
Lorain County, OH is the 2nd largest of the 6 counties compared here, 317,119 residents against a local median of 74,571. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Lorain County, OH an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 4% above the local median at $965 against $932. Lorain County, OH has the 3rd highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lorain County, OH | 317,119 | $157,826 #3/6 | $965 #3/6 | 74.0% #3/6 |
| Medina County, OH | 183,656 | $205,434 | $1,143 | 80.3% |
| Erie County, OH | 74,571 | $323,498 | $932 | 71.9% |
| Cuyahoga County, OH | 1,244,625 | $151,206 | $1,059 | 59.4% |
| Huron County, OH | 58,319 | $153,030 | $848 | 74.0% |
| Ashland County, OH | 52,253 | $18,604 | $887 | 77.9% |
Frequently Asked Questions
Common questions about the housing market in Lorain County, Ohio.
What is the median home price in Lorain County, Ohio?
The median home price in Lorain County, Ohio is $157,826, higher than the Ohio average of $139,044.
What is the average home price in Lorain County, Ohio?
The typical home price in Lorain County, Ohio, reported as the median sale price, is $157,826. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lorain County, Ohio?
The median gross rent in Lorain County, Ohio is $965 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Lorain County in 2020?
In 2020, the median gross rent in Lorain County, Ohio was $785 per month.
What is the price-to-rent ratio in Lorain County, Ohio?
The price-to-rent ratio in Lorain County, Ohio is about 13.6, meaning it would take roughly 13.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lorain County.
Are home prices or rent rising faster in Lorain County, Ohio?
Both home prices and rent are rising in Lorain County, up about 10.4% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lorain County, Ohio?
69.1% of households in Lorain County, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Lorain County, Ohio?
The housing vacancy rate in Lorain County, Ohio is 6.6%, lower than the Ohio average of 8.1%.
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