Zip 44053 (Lorain, OH) Housing

The housing in Lorain, OH (44053) is quite affordable compared to the US median value of $338,100. The median value of a home in Lorain is $192,700 which is much lower than the national median. In addition to being affordable, the housing market in Lorain has seen strong appreciation over the past year with prices rising 10.26%, well above the 8.27% US average. This makes Lorain an attractive option for potential buyers looking for an affordable option with a good return on investment.

The median home cost in Lorain (zip 44053) is $192,700. Home appreciation the last 10 years has been 69.3%. Home Appreciation in Lorain (zip 44053) is up 13.4%.

Average Age of Homes

- The median age of Lorain (zip 44053) real estate is 42 years old

The Rental Market in Lorain (zip 44053)

- Renters make up 31.1% of the Lorain (zip 44053) population
- 1.4% of houses and apartments in Lorain (zip 44053), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lorain, Ohio	United States
	9,166.0	139,647,020.0
	46	42
	$192,700	$338,100
	13.4%	16.6%
	47.5%	57.0%
	69.3%	101.1%
	$13.59	$10.98
	$2,070	$2,690
	57.7%	57.4%
	7.3%	11.2%
	35.0%	31.4%
Vacant Housing
	1.4%	1.9%
	0.7%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	0.2%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	2.2%	2.4%
	1.8%	2.8%
	6.8%	3.9%
	9.6%	4.5%
	27.4%	11.3%
	19.7%	13.0%
	22.8%	20.1%
	4.8%	13.6%
	2.6%	8.3%
	0.6%	9.7%
	0.0%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	11.5%	13.6%
	11.5%	13.6%
	8.2%	13.6%
	8.2%	13.2%
	24.3%	14.8%
	8.2%	13.6%
	10.7%	10.0%
	2.0%	4.7%
	3.4%	12.2%

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