Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$260,654+4.8% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$56,504About 0.7× the local median income ($79,139): affordable for a typical household
Days on market43 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 Lorain County, OH is worth $260,654, up 4.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $231,590, so the area is 12.5% overvalued. It is a balanced market: homes take about 43 days to sell, listings are up 25% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 3.7% over the next year. A household needs about $56,504 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 $79,139. Typical rent is $1,499 a month, or $1,814 for a house. In the latest IRS figures, 1,698 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
$260,654
Change in 1 year
+4.8%
Overvalued %
+12.5%
Show 7 more
Fair home value
$231,590
Change in 5 years
+33.5%
Zillow forecast, next 12 months
+3.7%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,413
Income needed to afford it
$56,504
Property tax rate
1.37%
Rent and investing
Typical rent
$1,499
Typical rent for houses
$1,814
Price-to-rent ratio
14.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,274
Gross rental yield
6.90%
Cap rate (estimate)
4.49%
Market activity
Listings vs a year ago
+25.4%
Days on market
43
Listings with a price cut
21.9%
Show 3 more
Homes for sale
647
Pending sales per 100 listings
62
Asking price per sq ft
$161
People and jobs
Median household income
$79,139
Population change (1 year)
+0.6%
Unemployment rate
4.3%
Show 4 more
Population
323,219
Income adjusted for cost of living
$84,280
Net moves in (IRS)
+1,698
Cost of living (US = 100)
93.9
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
86.3
Unhealthy air days a year
2
Show 4 more
Flood risk score
90.2
Wildfire risk score
45.9
Walkability (1 to 20)
6.8
Road, rail and air noise
53 dB
Questions people ask
Is Lorain County, OH overvalued?
Home prices in Lorain County, OH are well above what local incomes have historically supported: fair value is about $231,590, so the area is 12.5% overvalued.
Is Lorain County, OH a buyer's or seller's market?
Lorain County, OH is a balanced market: homes take about 43 days to sell, listings are up 25% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Lorain County, OH?
Home values in Lorain County, OH are up 4.8% 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 Lorain County, OH?
A household needs about $56,504 a year to afford the typical home in Lorain County, OH at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,139.