Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$249,918+3.4% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$54,177About 0.6× the local median income ($84,484): affordable for a typical household
Days on market40 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.7%Zillow expects prices to rise slightly
The typical home in Lake County, OH is worth $249,918, up 3.4% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $236,632, so the area is 5.6% overvalued. It is a balanced market, leaning toward buyers: homes take about 40 days to sell, listings are up 23% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 3.7% over the next year. A household needs about $54,177 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,484. Typical rent is $1,422 a month, or $1,721 for a house. In the latest IRS figures, 510 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$249,918
Change in 1 year
+3.4%
Overvalued %
+5.6%
Show 7 more
Fair home value
$236,632
Change in 5 years
+29.6%
Zillow forecast, next 12 months
+3.7%
Home value to income
3.0×
Monthly mortgage payment (20% down)
$1,354
Income needed to afford it
$54,177
Property tax rate
1.62%
Rent and investing
Typical rent
$1,422
Typical rent for houses
$1,721
Price-to-rent ratio
14.6×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,274
Gross rental yield
6.83%
Cap rate (estimate)
4.44%
Market activity
Listings vs a year ago
+22.7%
Days on market
40
Listings with a price cut
23.1%
Show 3 more
Homes for sale
470
Pending sales per 100 listings
72
Asking price per sq ft
$161
People and jobs
Median household income
$84,484
Population change (1 year)
+0.0%
Unemployment rate
3.9%
Show 4 more
Population
232,217
Income adjusted for cost of living
$89,972
Net moves in (IRS)
+510
Cost of living (US = 100)
93.9
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
77.4
Unhealthy air days a year
5
Show 4 more
Flood risk score
86.1
Wildfire risk score
28.9
Walkability (1 to 20)
11.1
Road, rail and air noise
52 dB
Questions people ask
Is Lake County, OH overvalued?
Home prices in Lake County, OH are slightly above what local incomes have historically supported: fair value is about $236,632, so the area is 5.6% overvalued.
Is Lake County, OH a buyer's or seller's market?
Lake County, OH is a balanced market, leaning toward buyers: homes take about 40 days to sell, listings are up 23% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Lake County, OH?
Home values in Lake County, OH are up 3.4% over the last year. Zillow's forecast for the next 12 months is +3.7%.
How much do you need to earn to buy a home in Lake County, OH?
A household needs about $54,177 a year to afford the typical home in Lake County, OH at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,484.