Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lorain area can be challenging. Home prices in Lorain are now at a median cost of $63,618, lower than the Pennsylvania average of $222,630.
The average cost of rent is $649/mo in Lorain, primarily driven by the current value of real estate in the Lorain area. While nearly 54.84% of residents own their homes outright in Lorain, 25.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lorain is $3,987 per month. Households that rent pay about 16.28% of their income on rent here. Lorain's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Dale, PA: less expensive homes
- Ferndale, PA: equally priced homes
- Johnstown, PA: higher priced homes
- Geistown, PA: higher priced homes
- Elim, PA: higher priced homes
- Southmont, PA: higher priced homes
- Westmont, PA: higher priced homes
- East Conemaugh, PA: less expensive homes
- Ingleside, PA: equally priced homes
- Davidsville, PA: higher priced homes
Cities with Similar Populations
- Cisco, IL: higher priced homes
- Stopover, KY: equally priced homes
- St. Donatus, IA: higher priced homes
- Ekalaka, MT: higher priced homes
- Doyle, CA: higher priced homes
- Dowell, IL: equally priced homes
- Dolen, TX: higher priced homes
- Derby, OH: higher priced homes
- Conesville, IA: higher priced homes
- Clarksburg, MO: higher priced homes
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