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Affordable
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These days, finding an affordable place to live in the Painesville area can be challenging. Home prices in Painesville are now at a median cost of $231,958, lower than the Ohio average of $236,816.
The average cost of rent is $1,103/mo in Painesville, primarily driven by the current value of real estate in the Painesville area. In Painesville, 26.09% of households rent, and 34.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Painesville is $7,606 per month. Households that rent pay about 14.50% of their income on rent here. Painesville’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Grand River, OH: less expensive homes
- Fairport Harbor, OH: less expensive homes
- Painesville on the Lake, OH: less expensive homes
- Mentor, OH: higher priced homes
- Perry, OH: equally priced homes
- Mentor-on-the-Lake, OH: less expensive homes
- Kirtland Hills, OH: higher priced homes
- Hambden, OH: higher priced homes
- North Perry, OH: higher priced homes
- Thompson, OH: higher priced homes
Cities with Similar Populations
- Mableton, GA: higher priced homes
- Northport, AL: higher priced homes
- North Tonawanda, NY: equally priced homes
- North Bethesda, MD: higher priced homes
- Neenah, WI: higher priced homes
- Nacogdoches, TX: less expensive homes
- Morristown, NJ: higher priced homes
- Moorhead, MN: higher priced homes
- Marlton, NJ: higher priced homes
- Oakland Park, FL: higher priced homes
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