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Market AnalysisUpdated March 2026

Lorain County, OH — Market Snapshot

Real estate market data for Lorain County, Ohio. Census demographics, rental trends, and economic indicators for investors and developers.

Population

314,588

ACS 2023

Median Household Income

$78,015

ACS 2023

Renter-Occupied

26%

ACS 2023

Median Rent

$940/mo

ACS 2023

Source: U.S. Census Bureau, American Community Survey 2023

Population & Income Profile

Age Distribution

Under 19
24.2%
Ages 20–29
11.4%
Ages 30–39
11.6%
Ages 40–49
12.7%
Ages 50–59
13.9%
Ages 60–69
13.1%
Over 70
13.1%

Household Income Distribution

Under $30K
20.0%
$30K–$50K
16.0%
$50K–$75K
00.0%
$75K–$100K
00.0%
$100K–$150K
00.0%
Above $150K
00.0%

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Source: U.S. Census Bureau, American Community Survey 2023

Housing Affordability

Affordability Label

Very Affordable (<3x)

ACS 2023

Price-to-Income Ratio

4.0x

Redfin SFR ÷ FRED Per Capita Income
Very Affordable (<3x)Moderate (3–5x)Expensive (5–7x)Very Expensive (>7x)
4.0x

At 4.0x price-to-income, Lorain County sits in the moderate affordability range.

Affordability label: U.S. Census Bureau ACS 2023. Price-to-income: Redfin median sale price (SFR, Dec 2025) ÷ FRED per capita personal income (Q4 2025).

Housing Market Overview

Median Home Value
$245,000
Median Gross Rent
$940/mo
Homeownership Rate
74%
Typical Monthly Housing Cost(owner-occupied w/ mortgage)
$1,124/mo
Median Annual Property Tax(ACS estimate)
$3,347
Vacancy Rate
Dashboard

Source: U.S. Census Bureau, ACS 2023. Monthly Housing Cost: ACS B25105. Property Tax: ACS B25103.

Home Price Index

Lorain County HPI

184.9

FRED Q4 2025

Since 2020

+55.8%

vs. 2020 baseline

Lorain County home values have appreciated 55.8% since 2020, trailing the Ohio statewide average of 63.7%.

Source: Federal Reserve Economic Data (FRED) — FHFA House Price Index. Updated Q4 2025.

Investment Analysis

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Market Tier

Bawa Score: 80 / 100

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Economic Indicators

Unemployment Rate
3.7%
Per Capita Personal Income
$61,782
Labor Force
150,772
GDP
$12B
Building Permits
1,331

▲ +6.3% since 2020

State Overview

State Tax Revenue (quarterly)millions USD, not seasonally adjusted
$10.7B
State Home Price Index
509.8
State GDP
$923B

Source: Federal Reserve Economic Data (FRED). Updated Q4 2025.

Nearby Markets

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