Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Downtown Elyria area can be challenging. Home prices in Downtown Elyria are now at a median cost of $128,964, lower than the Elyria average of $156,234.
The average cost of rent is $862/mo in Downtown Elyria, primarily driven by the current value of real estate in the Downtown Elyria area. In Downtown Elyria, 57.09% of households rent, and 53.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Elyria is $4,237 per month. Households that rent pay about 20.34% of their income on rent here. Downtown Elyria’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- South Lorain, Lorain, OH: less expensive homes
- Downtown Lorain, Lorain, OH: less expensive homes
- Kamms Corner, Cleveland, OH: higher priced homes
- Puritas Longmead, Cleveland, OH: less expensive homes
- Jefferson, Cleveland, OH: equally priced homes
- Madison Village, Lakewood, OH: higher priced homes
- West Boulevard, Cleveland, OH: less expensive homes
- Polish Village, Parma, OH: higher priced homes
- Cudell, Cleveland, OH: less expensive homes
- Edgewater, Cleveland, OH: higher priced homes
Neighborhoods with Similar Populations
- Hohokam Village, Mesa, AZ: higher priced homes
- West End, Concord, NH: higher priced homes
- Wyatt Street, Largo, FL: higher priced homes
- Barths, Wheat Ridge, CO: higher priced homes
- West Gate, Austin, TX: higher priced homes
- Stoneybrook West, Winter Garden, FL: higher priced homes
- Sunset, Pueblo, CO: higher priced homes
- Sugar Pond Manor of Wellington, Wellington, FL: higher priced homes
- Keene Valley, Richland, WA: higher priced homes
- Kendall, San Bernardino, CA: higher priced homes
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