Lorain, OH Real Estate
According to census data in the year 2000 there were 28,200 housing units in Lorain.
This represents a 2.4% growth from 27,544 in 1990.
Of those housing units, 28,194 were located in either urbanized areas or urban clusters, and 6 were located in what is classified as a rural area.
Homeownership rate in Lorain is about 61%.
Lorain's vacancy rate, including seasonal lodging, is about 6.4%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Lorain were built after 1958.
|Housing Units by Size|
|Five Bedrooms or more||2.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.62|
|Median year structure was built||1955|
|Median Value of occupied units||$86,000|
|Median Price asked for vacant units||$79,700|
Rented Homes, Apartments and Condos
|Average Household Size||2.5|
|Median year structure was built||1964|
|Median Monthly Rent asked for vacant units||$428|
Owners Finance Status
|Second Mortgage & Equity Loan||0.60%|
|Home Equity Loan||9.30%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.6%|