Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Lorain area can be challenging. Home prices in South Lorain are now at a median cost of $80,592, lower than the Lorain average of $106,564.
The average cost of rent is $703/mo in South Lorain, primarily driven by the current value of real estate in the South Lorain area. While nearly 57.22% of residents own their homes outright in South Lorain, 46.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Lorain is $2,902 per month. Households that rent pay about 24.21% of their income on rent here. South Lorain's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Downtown Lorain, Lorain, OH: equally priced homes
- Downtown Elyria, Elyria, OH: equally priced homes
- Kamms Corner, Cleveland, OH: higher priced homes
- Puritas Longmead, Cleveland, OH: equally priced homes
- Jefferson, Cleveland, OH: equally priced homes
- Madison Village, Lakewood, OH: higher priced homes
- Edgewater, Cleveland, OH: higher priced homes
- West Boulevard, Cleveland, OH: less expensive homes
- Cudell, Cleveland, OH: less expensive homes
- Polish Village, Parma, OH: higher priced homes
Neighborhoods with Similar Populations
- Bleachery, Waltham, MA: higher priced homes
- Bonneville, Orem, UT: higher priced homes
- Bridlemile, Portland, OR: higher priced homes
- Carpenter, Ann Arbor, MI: higher priced homes
- North End Manchester, Manchester, NH: higher priced homes
- Sandin Hills, San Bernardino, CA: higher priced homes
- San Mateo, San Juan, PR: higher priced homes
- Saint Joseph, Milwaukee, WI: higher priced homes
- Rosedale, Kansas City, KS: higher priced homes
- Roscoe Village, Chicago, IL: higher priced homes
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