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 Size

Housing Units by Size
Studio Type2.40%
One Bedroom11.20%
Two Bedrooms25.30%
Three Bedrooms47%
Four Bedrooms11.80%
Five Bedrooms or more2.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.62
Median year structure was built1955
Median Value of occupied units$86,000
Median Price asked for vacant units$79,700

Rented Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1964
Median Monthly Rent asked for vacant units$428

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage8.80%
Home Equity Loan9.30%
Simple Mortgage46.70%
Debt Free34.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.6%