The Most Affordable Neighborhoods in Lorain County, OH by Home Value

These days, finding an affordable place to live in the Lorain County area can be challenging. Home prices in Lorain County are now at a median cost of $234,979, lower than the Ohio average of $236,816.

The average cost of rent is $1,190/mo in Lorain County, primarily driven by the current value of real estate in the Lorain County area. In Lorain County, 25.98% of households rent, and 38.09% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lorain County is $7,203 per month. Households that rent pay about 16.53% of their income on rent here. Lorain County’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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