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Featured local agent — Lorain, OH
Sarah Mitchell
Compass Real Estate · Lorain, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lorain, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$167,500median sale price
How is the Lorain, OH housing market right now?
The median home sale price in Lorain, OH is $167,500, up 3.4% year-over-year. Homes sell in an average of 31 days with 131 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lorain a buyer's or seller's market?
Lorain, OH is currently a seller's market, based on 2.7 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
49
Last 12 weeks
Days on market
31
Average pace
Active listings
131
2.7 months supply
Sale-to-list
97.4%
Below asking
What does the Lorain housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $167,500 |
| Median list price | $154,900 |
| Year-over-year price change | +3.4% |
| Average days on market | 31 days |
| Active inventory | 131 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $117/sq ft |
| Homes sold (latest month) | 49 |
| New listings (latest month) | 63 |
| Listings with a price cut | 31.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lorain by property type?
How the Lorain, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $165,000 | $120/sq ft | 40 | 23 days |
| Condo / Co-op | $194,500 | $120/sq ft | 4 | 90 days |
| Townhouse | $231,560 | $179/sq ft | 2 | 156 days |
Source: Redfin · Updated monthly
The Lorain housing market is currently classified as a seller's market with a median sale price of $167,500. Prices have risen 3.4% compared to last year, with homes spending an average of 31 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Lorain
There are currently 131 homes listed for sale in Lorain, Ohio. The median listing price is $155K.
Active listings
131
Homes on market
Median list price
$155K
Avg. days on market
31
Days until sale
New this week
63
Newly listed
Who lives in Lorain?
Population
65,207
Median income
$45,799/yr
Median age
39.3 years
Owner-occupied
55.8%
College grads
14.3%
Avg commute
24.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Lorain?
Zillow home value
$158,944
Zillow rent index
$1,075/mo
Price-to-rent ratio
12.3x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Lorain?
Lorain is a community of approximately 65K residents with a median age of 39.3 years.The median household income is $45,799, which represents a working-class community with solid middle-income opportunities. 14.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 55.8%, showing a blend of owner and renter-occupied properties. The average commute time is 24.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lorain offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lorain?
26 schools tracked · 9,318 students
The largest public schools serving Lorain, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lorain High School
Grades 9-12 · 1,784 students
Horizon Science Academy Lorain
Grades K-12 · 815 students
Vincent Elementary School
Grades K-4 · 479 students
Lorain Preparatory Academy
Grades K-8 · 457 students
Larkmoor Elementary School
Grades PK-5 · 450 students
Durling Middle School
Grades 5-8 · 447 students
General Johnnie Wilson Middle School
Grades 6-8 · 446 students
Southview Middle School
Grades 6-8 · 418 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lorain, OH?
Want a head-to-head view? Compare Lorain side-by-side with any other U.S. city using our market-comparison tool.
Is Lorain a good real estate investment market?
For investors evaluating Lorain, the price-to-rent ratio of 12.3x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 3.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lorain's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lorain's median home price.
Frequently asked questions
What is the average home price in Lorain?
The median home sale price in Lorain is $167,500, up 3.4% from last year.
How long do homes stay on market in Lorain?
Homes typically spend 31 days on market before going under contract.
What is the median income in Lorain?
The median household income is $45,799 per year.
Is Lorain a buyer's or seller's market?
With 2.7 months of supply, Lorain is currently a seller's market.
What is the Zillow home value estimate for Lorain?
The Zillow Home Value Index (ZHVI) for Lorain is $158,944, representing the typical home value in the area.
What is the median condo price in Lorain?
The median condo/co-op sale price in Lorain, OH is $194,500, compared to $165,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lorain?
The median single-family home price in Lorain, OH is $165,000 (about $120 per square foot).
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